News:
1. Bitcoin computing power has dropped to the lowest level since the FTX crash in December 2022, currently at -7.6%;
2. Silvergate Capital Corp., the parent company of crypto-friendly bank Silvergate Bank, has agreed to pay $63 million to reach a settlement with the US SEC, the Federal Reserve and the California Department of Financial Protection and Innovation (DFPI);
3. The US SEC has confirmed receipt of the 19b-4 application for Hashdex Nasdaq Crypto Index US ETF, which will hold spot BTC and ETH at the same time;
4. Important data and events this week:
July 3 20:15 US June ADP employment 20:30 US initial jobless claims for the week
July 4 02:00 Federal Reserve releases minutes of monetary policy meeting
July 5 20:30 US June unemployment rate US June non-farm payrolls
Technical side:
Big cake: The highest rushed to 63861 in the evening and quickly retreated, and the four-hour line double needle peaked. The daily line has been up for three consecutive days, with an increase of more than 3,500 points. The daily deviation rate is too high. The intraday market needs to be adjusted. The upper pressure focuses on the 63,800-64,300 range, and the lower support focuses on the 62,300-61,800 range. The intraday operation is mainly based on high and low absorption. Adjustments during the rise are normal, which is conducive to a healthier development of the market!
Two cakes: Compared with the rebound of the big cake, the second cake is relatively weak this time, and the adjustment is relatively strong. However, the technical trend is healthier and the bottom is more solid! The explosive power in the later period should also be stronger. Pay attention to the support of the 3420-3480 range below, and pay attention to the pressure near 3520 above. The operation is mainly bullish at a low level.
Shanzhai: Most Shanzhai fell back to the gains of the previous two days yesterday, and are in a state of treading water. The market enthusiasm is still sluggish. Operate lightly, hold a light position and wait for the rise, and keep more positions patiently waiting for the market's emotional outbreak!
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The currency market fluctuates greatly, so be cautious when entering the market. This is my personal opinion, not a recommendation, and is for sharing only.
