What other selling pressures does the market need to face at present?

The US government and the German government have recently sold Bitcoin and Ethereum frequently, which has put pressure on the market. At the same time, Mt.Gox will start paying compensation in July 2024. In early July, the Bitcoin market is expected to be under huge selling pressure.

This week, there are many important events in the macro market. From the current market analysis, the most important ones are the US unemployment rate and non-farm data on Friday. The macro market, which has been silent for many days, has made a comeback. In terms of encryption, the market expects that the SEC may respond to the ETH ETF in the week of July 8, which is likely to be good news.

The quarterly delivery has just ended, and the IV of each major term is very low, which is a good opportunity to build a position.