News:
1. Cboe (Chicago Board Options Exchange) announced that five spot Ethereum ETFs will be listed on the exchange on July 23;
2. The White House raised its forecast for US economic growth and inflation in 2024, predicting huge budget deficits in the next few years, and the CPI was also raised from the previously expected 2.5% to 3.1%;
Technical:
BTC: It started to rise sharply from Tuesday this week to last Friday, resulting in a large gap in the technical side. The daily deviation rate is too high. The technical side needs to be adjusted to repair the gap and reduce the deviation rate. This process may take two or three days. After two days of highs and falls, the K line just stepped back on the daily seven-day moving average yesterday to get support, making up for the gap in the technical side, and the market also went up as expected. Yesterday, the real positive line was closed. The upper pressure in the evening was in the range of 67500-68000, and the highest rose to 67386 in the early morning. From the four-hour line, three big positive lines rose sharply last night, and the technical side also needs to be adjusted. The focus of the support below is 65800-65300.
ETH: Yesterday, it reached a high of 3540, which is the strongest resistance of Fibonacci, and a small retracement was made near 3530, and the overall trend returned to a healthy rise. The support below can refer to the 4-hour line 3470-3430 range, and the upper target is 3560. Break through and stand firm at 3530, and the short-term target can be seen near 3700 points!
Shanzhai:
Inscription sector: ORDI, SATS, ATOM led the rise, and the target focused on the high before the decline in early June;
MEME: FLOKI, PEPE, BONK led the rise;
New currency: ZRO, BB, NOT performed relatively weakly and need to be adjusted before the outbreak. ZEUS is steadily rising in shock.
The currency market is volatile, so be cautious when entering the market. This is my personal opinion, no suggestions, just for sharing.
