The so-called "short-term bottoming" in the market does not mean that it will jump up immediately. Just like when you are tired of climbing a mountain, you have to take a breath halfway up the mountain. Every time a big adjustment reaches the bottom, it has to linger there for a while, deliberately making you think that it will fall further. This is the "short-selling market". When everyone is dizzy and thinks there is no hope, suddenly, "whoosh", a big positive line rushes out, telling everyone: Hey, the bottom is here, we are going to take off! But this requires enough "fuel" (market momentum), it is not something that can be done at any time.
Now, everyone thinks there is a chance for the second half of the year, especially this month, which is likely to be the starting point of the second half of the year and the confirmation month of the bottom. Look at the Bitcoin spot ETF, the money has been flowing in like water in the past few days, and it is almost like a stream turning into a river. This shows that the outside funds have also begun to be interested, and the mood is gradually getting better.
However, this week is a bit special. The US is celebrating Independence Day, so the US stock market has given itself a holiday and started to rest on Wednesday night. Also, there is big news on Friday night, the unemployment rate and non-farm data for June will be released. Before that, the market is probably like a child playing on a swing, neither high nor low, just swinging and waiting for news.
Speaking of data, last month's data shocked everyone, but this month should be better, just like if you failed an exam, the teacher will definitely give you some encouragement and let you work hard next time. So, this month's data repair is like a little sweet treat for everyone, and there should be some good news in the short term.
BTC
The price fell back to 61600-61300 as expected. Pay attention to whether this position can form a buying opportunity!
ETH
The price has returned to 3400-3380! The lowest is 3380! We are currently paying attention to whether this area will form a buying opportunity!
SUN
Short-term support is 148-146, pay attention to the opportunity to buy! Defend 141-137! Target 170-175!
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