7.9 Market Sharing

Technical aspect:

The corresponding target positions of the first and second mentioned in yesterday's weekly review have been reached. At present, the entire market is maintaining a wide range of fluctuations between 54500 and 58300. At this position, the daily and weekly lines cannot be confirmed to have completed the correction, so we can only focus on rebounding, and cannot constitute a reversal. Even if the rebound starts, it will not continue to rise and pull the big sun for a while like six months ago. Therefore, we focus on its fluctuations during the day. The purpose of the current fluctuation is to repair the relationship between the K line and the moving average, and then choose the direction. However, the market at this position is very easy to explode both long and short, so we focus on spot trading. The upper resistance is 5 8300, support below 55500 and 54500, break below to see 52700

The overall market of Ethereum is stronger than the market, and it is currently supporting a rebound after the lower edge. After the daily level rebounds or oscillates, it will have a second bottoming out, support below 2850~2630 and resistance above 3078~3270

Patience is needed to wait for the general direction to stabilize, so at this time point, we must control the position, and then use part of the position to build a position on the right side, but the market is uncertain and unclear, we need more time to learn and settle, and patiently wait for the arrival of the market. It happens that we have such offline sharing sessions on the 17th and 18th, and everyone is welcome to participate!

News:

It is difficult to be absent from work now. We are facing shutdowns, and some have even been shut down.

Ethereum ETF 7.8 has submitted s-1, and is expected to be listed around 7.15.

7.11   Initial jobless claims for the week, June CPI data

Powell will speak at 10 pm on Tuesday and Wednesday.

VanEck Solana ETF's 19b-4 form has been submitted to the SEC.

In the past two days, the German government has been transferring money everywhere to try to sell coins, hoping that the world will not be in chaos. The German government address currently holds 27,461 bitcoins, equivalent to about 1.56 billion US dollars. The BTC held by the German government accounts for 20% of Mentougou. In this round of sharp decline, Mentougou paid a total of less than 3,000 BTC, but the German government is actually selling coins.

ETF funds began to flow in, with $140 million flowing in the day before yesterday and more than $100 million flowing in yesterday.

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