News:
1. Bloomberg ETF analyst: The US SEC may approve spot Ethereum ET on July 18;
2. Federal Reserve Chairman Powell said that the Fed does not need to wait until inflation drops to 2% before starting to cut interest rates;
3. The German government address transferred a total of 10,853.5 BTC to trading platforms and market makers yesterday. The German government address has transferred a total of 36,748.4 BTC since it started selling coins on June 19, and the number of BTC still held is only 13,110. Judging from the frequency of selling coins in recent days, the remaining BTC is likely to be cleared within this week;
4. The chairman of the US Commodity Futures Trading Commission (CFTC) said that the Illinois court has confirmed that BTC and ETH are digital commodities;
5. Fed Governor Cook: If inflation is close to the target when the easing policy begins and economic growth remains strong, then a soft landing is more likely. The basic expectation is that inflation will continue to decline and the unemployment rate will not rise significantly. The performance of US data is consistent with the soft landing scenario.
6. Important data and events this week:
July 11 20:30 U.S. June seasonally adjusted CPI annual rate
Technical aspects:
Big cake: From the speeches of Fed Chairman Powell and Fed Governor Cook, we can see that the Fed's view on inflation tends to be profitable, and the inflation rate is declining. Tonight's CPI forecast value has fallen by two levels to 3.1%. Yesterday, Big Cake hit a high of 595 and then fell back. It stepped back on the daily seven-day moving average in the evening and had already launched an upward attack in the morning. From the perspective of K-line layout, there is a lot of selling pressure in the upper 60000-61000 range in the early stage. Intraday operations can look for lows to rebound, but do not chase more or look at reversals. The support below is around 57200 points.
Second cake: Driven by the listing of the spot Ethereum ETF in July, Ethereum has a relatively strong trend. It has been four consecutive positives. The upper pressure of the daily line is 3190-3260, and the support below is in the range of 3040-3000.
Shanzhai: Today may be the last day to be optimistic about Shanzhai. The specific evening trend will be revealed by the signal!
ZRO: Yesterday's four-hour line fell back from the high and closed with a negative line, giving a short signal. It fell below 3.6 during the day and continued to be bearish;
SATS: The current trend is very strong, and the upper capital market pressure is in the 26-28 range. Focus on the 4-hour line rising and falling back to a negative line, giving a bearish signal!
The currency market fluctuates greatly, and you need to be cautious when entering the market. This is my personal opinion, no suggestions, and it is only for sharing
