Brothers, the wonderful July we have been looking forward to is here. Bitcoin took off today. Breaking through and stabilizing at 62,500 is a good start! Starting from today, those who cannot achieve a spot yield of 30% this month are losers!
BTC, from the daily level, has seen a large number of positive big positive lines for the first time since June 25. It is currently above the 10-day moving average and the 5-day moving average has turned upward. After consolidation, there is an expectation of further rise at the daily level. As the saying goes, 5 is poor, 6 is desperate, and 7 is a turnaround. The second half of the year is a big event for the establishment of the party, the army, and the country. The market has been silent for 3 months, and the daily line owes a big pull-up by the bulls.
BTC 30-minute level indicators show signs of overbought in the short term. In terms of operation, it is not advisable to chase highs directly during the day. A box-shaped breakthrough and then a test of 62,000 is a more reasonable entry point. You can also enter the market with high-quality currencies with a faster rise. Pay attention to the short-term pressure level of PHB/METIS (short) 64180 ~ 64860, BTC's first support level is 62,000, and the second support level is 61,150
In terms of copycats: ETH-related concept coins once again dominated the list, with the leading ENS and the second-largest SSV resurrected. Secondly, I often say that ONDO has been rising steadily, PEOPLE PEPE in the old MEME coin, and WIF in the SOL track. These are all brainwashed by me every now and then. High-end ingredients are often the simplest to cook, and the pull of MEME coins is the most awesome belief.
July has started very well. Next, we will focus on the following important macro data:
🔺 Powell's speech on Tuesday
🔺 Wednesday 20:15, release of US ADP employment data for June
🔺 Friday 20:30, release of US June non-farm payrolls
The last data released was 275,000 people, which was much higher than the expected 200,000 people, causing BTC to plummet. This time it should return to normal and not be so exaggerated.
In fact, the Fed’s policy is not very important in the recent impact on the cryptocurrency market. The most urgent matter is the Mentougou incident. The $9 billion worth of BTC is no joke. Even if only 1/3 of it flows into the market, it will still be $3 billion, which is enough for the ETF net buying funds to inflow for more than a month to offset. The Mentougou result will be released before July 10th. It will be real soon. Don’t buy the dip in the next few days. Wait a few more days, unless you are short. We must prevent BTC from falling below $59,000. If it falls below, don’t sell the spot and continue to buy the dip.
There is a famous saying in the stock market: May is poor, June is desperate, and July is a turnaround. The poverty in May and the despair in June have all come true, and now it is July. The reason for this tone is actually formed by the long-term economic laws in the market, not just talk. After three months of adjustment, the market owes us a big rise, and there is really hope for a turnaround in July. Come on.
If you are losing money now and don’t know what to do, you can follow me and find me at any time by clicking my avatar. I will share all the contract spot gameplay. Just to increase followers
