Crypto market analysis as of July 10: Expectations of rate cuts rebounded ahead of schedule, and continued to wear and tear

According to Powell's statement, the market can clearly feel that the rate cut decision will be "gradually carried out".

This may indicate that the rate cut will not come as quickly as the market expects. It is expected that there will be no rate cut action at the end of July, but the probability of a rate cut in September may increase, and the market will continue to gamble around the rate cut in September.

Currently, the probability of a rate cut in September is expected to be about 75%, and the market tends to be slightly aggressive.

The market seems to be picking up, and it is necessary to pay attention to whether the 60,000 level will become the top. After that, it is important to observe whether it will fall below 58,000. If 58,000 is maintained this week, the market may return ahead of schedule; otherwise, it may continue to wear and tear.

The daily level market shows that there is a downward trend. The 60,000 level is an important pressure area at the daily level, while the 58,000 level is the support position below.

In the 4-hour level market, the market is in an upward trend, with 57700 as the bottom support, 58500 as the middle track as the strong and weak support, and 59500 as the upper pressure.

Intraday level analysis shows that the first wave of pull-ups has appeared, and attention should be paid to the contract settlement in the short term.

After settlement, pay attention to whether 58200 can stand firm. If it stands firm, consider hitting the top again. Without falling below 57300, the intraday trend is still bullish.

Overall, the market volatility is not large, and it will be determined whether it has bottomed out after the end of this week. It is expected that the last sharp drop before the bull market will end at this stage, and the market may then enter a stage of wear and tear or continued rise. The current strategy is to keep the spot and survive this period of volatile volatility.

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