7.4-Market Analysis
BTC: BTC continued to pull back yesterday, in line with expectations. It fell again in volume early today, and is about to enter the oversold range in 4 hours. However, technical indicators can be temporarily ignored in the face of macro pessimism. Powell's hawkish remarks have made the expectation of interest rate cuts cut again, and market confidence has been frustrated again. In recent days, it will still be affected by the follow-up of macro information. It is still necessary to wait patiently and be prepared for defense. Today, the downward trend is expected to continue, and the adjustment at the daily level will continue. The bottom is bottomless. The second step back is likely to complete what was not completed in April!
The upper pressure of the day is 60,000, and the lower support is 57,000.
ETH: It has fallen below the shock range, in line with expectations. There is fundamental news that ETF has delayed passing, and the speculation expectation is extended again, but the macro environment has a greater impact, and the positive effect of ETF is still weakened. It is likely to continue to fall today.
The upper pressure of the day is 3,300, and the lower support is 3,100.