News

1. The US presidential election debate began, and Trump-concept MEME coins fell across the board in one hour.

2. The US SEC Chairman expects that the spot Ethereum ETF will be listed as early as September.

3. Federal Reserve Board member Bowman said that it is not appropriate to cut interest rates now; if inflation moves to 2%, interest rate cuts may be considered; if inflation does not slow down, I am still willing to raise interest rates again.

4. Focus on the annual rate of the US PCE price index at 8:30 in the evening.

Technical side:

BTC (Bitcoin)

Support level: At 1 a.m., the four-hour line bottom has been formed, and the focus below is around 61200, and the lowest in the morning is 61338. The US presidential election debate began, and the two candidates supported digital currencies, and the big cake rose sharply. #btc70k

Resistance level: The current technical side is facing the suppression of the daily 7-day moving average, breaking through 62500 during the day, and the short-term upper target is around 63800.

Operation strategy: The lower support during the day is 61500-61000. At 8:30 p.m., focus on the annual rate of the US PCE price index and the inflation situation in the United States.

ETH (Ethereum)

Support level: The daily trend shows a reversal, and the technical shock downward trend has been destroyed.

Resistance level: Focus on breaking through and standing firm at the pressure near 3520 during the day, and continue to be bullish around 3600 in the later period. #ETH大涨

The current market is facing the test of multiple key points, especially in the context of the US presidential election debate and the SEC's possible approval of the spot Ethereum ETF. Both BTC and ETH have great volatility potential. Investors need to pay close attention to changes in the technical and news aspects and adjust their operating strategies in a timely manner. #币安合约锦标赛 #VanEck提交首个SolanaETF #Meme板块普涨

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