Yesterday, BTC continued to adjust slightly, and the downward momentum began to weaken. There was no major negative fundamentals, and it was in a normal consolidation stage.
The Fed's interest rate meeting in the early morning of August 1 needs attention. It is expected that there will be no big problem with the interest rate cut in September. The macro environment will improve and it is bullish in the long term.
You can open a position within the day, bet on the expectation of interest rate cuts, and it is expected to continue to consolidate within the day, waiting for good news. The mid-term bull market has started, and the subsequent market will rise slowly, waiting for the main rising wave to come.
ETH's trend remains good, and you can open a position within the day, pay attention to the changes in Grayscale's holdings and the expectation of interest rate cuts.
The altcoins are slightly adjusted, pay attention to SATS, PEOPLE, CKB, RGB++, buy in batches at low prices, and wait for good news.
Intraday support and resistance:
- BTC: support below 65200-65800, resistance above 67200-67700
- ETH: support below 3200-3250, resistance above 3360-3410