7.16 Market Sharing
Technical side:
The current market is still very strong. Yesterday, a big positive line directly broke through. We should focus on the strong resistance of 66,000 above, which is the neckline position of the previous fall. In the short term, we should focus on the support of 63,000 and 60,300 below. If it does not fall below 60,300 in the next few days and steps back at this position, it is likely to rebound in a head and shoulders bottom state. In the short term, this position is a double kill of long and short
Ethereum broke through the downward trend line after today's closing. The upper resistance is 3588~3700, and the lower support is 3455 and 3350
News:
The inflow of US Bitcoin ETF yesterday was US$293 million
Tether Treasury mints 1 billion new USDT
Bloomberg ETF analyst: SEC requires Ethereum ETF issuers to submit final S-1 documents on Wednesday
Fed mouthpiece: Powell's speech did not change the expectation of "standing still" in August
Fed Chairman Powell: If we wait until inflation reaches 2% before cutting interest rates, it will be too long
Fed Chairman Powell said last night that the last three inflation data have indeed boosted confidence.
