$BTC 2024.7.3 Evening Market Analysis

Fed Powell's dovish remarks, US stocks hit a new high: Powell is satisfied with the decline in inflation, but more progress is needed to start the interest rate cut; the four major US stock indexes

closed higher, and the S&P 500 hit a new high of more than 5,500 points.

Analysis of Bitcoin and Ethereum price trends: Bitcoin continued to fall, and the Bollinger Bands, KDJ and MACD indicators showed a clear bearish trend; Ethereum

is also at a low level, and market sentiment was frustrated.

Technical analysis outlook: Bitcoin may continue to fall in the short term, but there is a possibility of a technical rebound;

It is recommended to pay attention to the 60,800 line for shorting,

target

near 59,500, and defend 61,200.