7.12 Market Sharing
Technical side:
Yesterday morning, I reminded everyone that the strong resistance of the market was 60,000. After yesterday's news, it fell back after hitting 60,000 and still failed to stand at 60,000. At present, the market is still looking for a rebound, not a reversal. On the daily line, our focus at this position is whether there is another down move. The down position cannot break through the strong support of 52,500 below. Therefore, this position at the daily level still needs to fluctuate. During the day and weekend, focus on the support below 56,200-55,000, and the resistance above 58,300 and 59,300
Ethereum is currently relatively strong and has been fluctuating in the 3080 range , it was the same yesterday, it went up and down, so the short-term support below is 3080 and 2982, and the upper resistance is 3148 and 3195
Although the CPI data is positive this time, we have to pay attention to the German sell-off and the compensation of Mentougou in the short term, so July and August are both tossing stages
Patience 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 have 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 19th, welcome everyone to participate!
News:
According to CME Fed Observation, traders expect the probability of the Fed cutting interest rates by 25 basis points in September is 83.0%; the probability of maintaining interest rates unchanged is 9.1%; the probability of cutting interest rates by 50 basis points is 7.9%.
The German government took advantage of the increase in shipments and sold $376 million worth of Bitcoin in the past 16 hours. The German government address only has 9,094 BTC ($520 million) left, and it may sell all Bitcoin in the next 1-2 days.
More than 4,000 BTC flowed into Binance
The probability of the Federal Reserve keeping interest rates unchanged in August is 94.3%
Bloomberg ETF analyst: The US SEC may approve the spot Ethereum ETF on July 18
Trump will attend the Bitcoin 2024 conference in Nashville to give a speech
