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7/17 Crypto Market Analysis

The market's expectation of the Fed's September rate cut, coupled with the impact of the low interest rate policy that Trump may implement after taking office, continues to drive the popularity of US stocks, and the Dow Jones Index hits a new record high.

The US dollar index remains above 104 with a small fluctuation.

At the same time, US Treasury yields hit a four-month low; spot gold prices once climbed to a high of $2,480. Affected by Trump's remarks that he would open more oil drilling to reduce energy prices, US crude oil prices fell below the $81 mark.

Yesterday, the cryptocurrency market was in short-term volatility due to a potential large amount of selling in Mentougou. The price fluctuation of Bitcoin needs to focus on the USD 63,000-66,000 area; the price fluctuation of Ethereum needs to focus on the USD 3,350-3,500 area.

In the current market upswing cycle, the MEME sector has performed particularly well. WLD has risen by more than 20% due to the good news of the extension of the lock-up period; and FTT has risen by more than 16% due to the upcoming payment of the compensation plan.

It is expected that the market may enter a shock consolidation stage during the day. It is recommended to adopt a high-sell-low-buy strategy to avoid impulsive pursuit of high prices.

It is more practical to do contracts in this market. Those who like contracts or spot can come to me.

My points are very accurate, and old fans know what the strength is.

After the market fell sharply, Daxian also ambushed some potential coins that are ready to explode.

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