Crypto market analysis 7.20 Investors are fleeing faster, and the dawn of crypto is coming

Investors are fleeing technology stocks faster, and stocks and bonds in Europe and the United States have both been killed in the past two days. This week, the S&P 500 and Nasdaq fell by more than 2%. Funds in the US stock market are fleeing technology stocks. All large-cap stocks in the US stock market have fallen, but industrial indexes and small-cap stocks have continued to rise, and funds are rotating.

Economists lowered their expectations for US inflation and raised their expectations for unemployment. The two expectations provide support for the Fed's interest rate cut.

Overall cryptocurrencies led the rise, and the bottom of this round officially appeared. The chain has been in a hot rhythm recently. With the wealth-making effect of BANANA, the chain-related and TG BOT and TON may hit a relative high again. A round of new funds will be introduced. It may take time to consider whether it will become a second effect similar to the inscription, but what can be determined is that the market is slowly coming.

Daily level market

- ​​The daily level rebounded rapidly. After breaking through the pressure near 66,000, 66,000 became support, and 67,300-68,000 became the key pressure position.

4-hour level market

The 4-hour level market rushed up to repair the trend, with upper pressure around 67500 and lower support around 66000 and 65700.

Intraday level analysis

-----Bitcoin's pin has ended, and the annual bottom has appeared. If there is still a possibility of a bottom, then there is a probability of a post-impact shock, but there is nothing special to guard against.

Intraday level, funds flowed out of the US market in the middle of the night. The crypto market may be in a small-cap alt season during the Bitcoin repair stage. Most companies will begin to deploy small-cap alt stocks.

Bitcoin's upper pressure is around 67300, and the lower support is around 66000. If the intraday decline is around 66000, it will leak 66000 without breaking, and it will still go up to altcoins.

The spot can safely pass through this difficult time in the history of encryption, and be calm in the face of things. #币安7周年 #BTC走势预测 $BAKE