Brothers, a new week has begun. At 2 a.m. last night, BTC fell to 65,700, and then rebounded immediately. What do you think of this week's market?
This week's general direction continues to be bullish. This week will be a volatile market, with the influence of Mentougou and Ethereum spot ETF. However, I also said last week that Mentougou and ETF will form a small hedge, and the overall benefits outweigh the negatives. In the analysis last week, I also said that there are many victims of Mentougou, so there are many "sellers", so the ideas will also be different. Some "sellers" will ship immediately, and some sellers will continue to hold by ETF or because they are optimistic about the future trend.
So this week's general direction is around 72,000 above, and the support below is around 65,000, while the upper pressure of Ethereum this week is around 3,950, and the support below is around 3,300.
This week's focus is nothing more than ETF's greatest impact on the market, so everyone just needs to focus on it. As for other news, I have also roughly read it, and the impact is relatively small. Wait patiently for Ethereum news.
The Bitcoin Conference will be held on July 25th. Trump will attend and give a speech on the last day. Trump is likely to call for BTC, saying that he wants to make the United States a leading country in the cryptocurrency industry and support everyone's wallet self-management rights, etc. In principle, it is good for the cryptocurrency circle.
