Crypto market analysis 6.30 Donkey vs. Elephant battle, decisive battle 0910, market downturn and other funds entering the market

The lowest PCE data since the beginning of the year, the market has no reaction to it and even continues to be down, affecting the crypto market from the US stock market. Habits become nature, the biggest variable in this round is the election.

The continued downturn in the market is also related to the focus of funds. The market is now focusing on the first debate that just ended. The two sides have gone from a small gap to a one-sided trend, so the new energy-related market may face a new blow. At this time, the overall funds are in the defensive stage. In the future, the election will indirectly flow into the stock market and the crypto market during multiple debates, but large funds will still tend to be conservative. For the time being, the best advice is to wait. There is a high probability that there will be more outflows in July, but as the debate proceeds, the funds will slowly grow.

Looking back now, the overall monetary policy or fiscal policy has given way to the election at this moment. What determines the market trend is the inflow and outflow of funds. Even if PCE or other data ports are good, the influx of large funds and hot money will only drive the market trend. Please wait or slowly invest and hold chips.

Daily level market

- ​​The daily level is a large-scale downward trend, but there is a rebound at the bottom. The upper daily level pressure is around 65,000, and the lower support is around 58,000.

4-hour level market

The 4-hour level is a downward trend, temporarily repairing the market, the upper pressure is around 62,200, and the lower support is around 59,700.

Intraday level analysis

-----The monthly line is about to close, and the bottom is likely to appear around 57,000--58,000, and the possibility of continued decline is relatively small.

The intraday market is like chicken ribs. Without the promotion of quantitative companies and exchanges on weekends, the overall market will be sluggish and less volatile, mainly oscillating between 62000 and 60000, with the upper pressure position near 61500 and the lower support position near 60700. For the time being, the intraday level is in an upward trend.

Recently, the cottage industry has paid more attention to the BRC-20 sector and the SOL ecosystem, and continued to absorb funds, and the opportunity factor will be relatively large.

Spot can safely survive this difficult moment in the history of encryption, and stay calm when encountering things.#BTC☀ #美联储何时降息？