News:
1. President of The ETF Store: Ethereum spot ETF is more likely to be launched in the week of July 15;
2. The German government has transferred a total of 13,466 BTC since June 19 and still holds 39,826 BTC;
3. The Fed's semi-annual monetary vehicle report shows that inflation has made some progress this year, but greater confidence is still needed before interest rate cuts; real estate-related inflationary pressure is expected to gradually decline; although some banks' commercial real estate portfolios are "under pressure", the financial system remains "healthy and willful"; most domestic banks still have ample liquidity.
4. Important events this week:
July 11 20:30 US June seasonally adjusted CPI annual rate
Technical aspects:
BTC: The weekend rebound to around 58,500 opened a new round of decline. Referring to the adjustment in the rising process before halving, the 10-day shock adjustment in the 51,000-52,000 range has accumulated some holding costs of BTC, which can be used as a support position in this decline. It fell more than 3,000 points in the morning. The operation is mainly bearish on the rebound. Pay attention to the pressure of 56,000-56,500 above, and pay attention to 53,500-53,000 below.
ETH: The last line of defense after the bull market is 2,800 points, and the next line of defense is 2,300 points! The limited pressure above the day is in the range of 2,960-2,990.
Shanzhai: Before the big cake is bullish, stop buying spot. A rebound of more than 20-30% is generally a signal to escape!
BB: Compared with the big cake, it is more resistant to the decline this time. The upper pressure is 0.39-0.4 during the day, and the lower support is around 0.32.
SATS: It is difficult to get out of the rising market in the short term. It is more bearish after a sharp rebound. One wave is lower than another during the decline.
The currency market fluctuates greatly, so be cautious when entering the market. This is my personal opinion, no suggestions, just for sharing
