$BTC finally fell below 5w8. If the market cannot rebound quickly in the short term, such as rising above 6w again before tomorrow morning, then the next market will not be fun. Bitcoin is likely to fluctuate downward around 5w8, and then look for the next support level of 56500. This point is likely to determine whether the market has completed the M top. If it can hold up, then the market in Q4 may still have a chance. I even think that as long as this support is not broken, the probability of subsequent ATH is still quite high.

$ETH is led downward by the market. Facing this market, Ethereum is powerless. Bloomberg's expectations for the approval of ETFs have been brought forward again. Analysts currently believe that it will be listed next week because Bitwise submitted a revised S-1 form in advance, a few days earlier than the deadline on July 8. This advance amount may prompt the Ethereum ETF to be listed next week. Of course, the early approval of the ETF is not a good thing. Instead, it will shorten the hype window of the ETF.

$SOL also fell with the market, but overall it was stronger than Bitcoin and Ethereum. However, the correction of its ecological tokens was relatively large. The declines of $jto $wif $tnsr etc. exceeded 15%, which was more than the declines of other sectors of the altcoin market. In addition, there was another piece of news that affected SOL. VanEck executives believed that if the SEC chairman was replaced in the future, the probability of SOL ETF passing would be greatly increased.