No. 7.11

Market review and analysis

Yesterday, the trend of BTC followed the data analyzed yesterday. The daily level first rebounded to the resistance position near 59600 and then began to step back in the afternoon and evening. However, the overall strength of the step back was not very strong. Especially in the trend during the day yesterday, the performance of ETH was relatively weak. During the decline of BTC in the afternoon and evening, the Ether market began to rebound to make up for the increase. Yesterday's daily performance was immeasurable in terms of copycats. There was no performance. It can be said that there was basically no rise or fall. Most of the market is now paying attention to the adoption of ETFs and whether the Federal Reserve will increase Interest rates and tonight's cpi data are currently the only ones that give the market an excuse to be bullish. These news have been talked about for several months, but the market continues to fall. Recently, the market is still volatile, and short-term traders will make profits. Ready to run

Today’s Highlights: Look for rebound and recovery during the day, then look back at the end of the day

The BTC market has closed at the daily level in the early morning. During the day, we will first look at the rebound to repair yesterday's upward push. First, we will look at the first resistance position near 58600. After the private level breaks through, we will look at the position near 59600. During the day, we can first focus on the 58000-59000 range. It mainly depends on the closing line at the four-hour level. As long as it does not stand firmly above the 58600 position, the market will still start to retreat from the end of the European session in the afternoon to the evening. The support point during the day will first look at the 56800-57200 range, which is valid during the day. The support point is focused on the position near 56000.

ETH did not rise or fall during the day yesterday. Instead, it made up for the increase and rebounded when the market fell and stepped back. The market just reached the resistance position near 3160 and then fell back to near 3080. During the day, we will first look at the rebound. The intraday resistance position is 3160- In the 3200 range, it mainly depends on the closing line at the four-hour level. As long as you stand firmly at the 3160 position, you must also be careful to push the upper pin to a position near 3230 before stepping back. If the intraday market has strong resistance near 3160 and you can step back, the first The support position of the line first looks at the first line in the 3020-3060 range, and the support position of the second line focuses on the first line near 3960. #ETH🔥🔥🔥🔥