Crypto market analysis 7.23 Decisive battle tonight, Ethereum alone cannot support

Spot Ethereum ETF has come into effect at the SEC. Form 424(b) is being submitted one after another, which is the last step, meaning that everything is ready to start trading at 9:30 a.m. on Tuesday (July 23) (9:30 tonight Beijing time). The Chicago Board Options Exchange (CBOE), Nasdaq and New York Stock Exchange have all confirmed that they are ready to start trading.

21Shares filed an S-1 document for its spot Solana ETF in the United States, while its competitor VanEck filed the document before. 21Shares became the second company to apply to launch a Solana ETF in the United States.  

The probability that the Fed will keep interest rates unchanged in August is 97.4%, and the probability of a 25 basis point rate cut is 2.6%. The probability that the Fed will keep interest rates unchanged by September is 6.8%, the probability of a cumulative 25 basis point rate cut is 90.8%, and the probability of a cumulative 50 basis point rate cut is 2.4%.

Daily level market

- ​​Daily level rebounded rapidly, opening an upward trend, with upper pressure around 70,000 and lower support around 66,000.

4-hour level market

The 4-hour level market rushed up to repair the trend, with the upper maximum pressure around 70,000, the recent pressure around 68,500, and the lower support around 67,300 and 66,600.

Intraday level analysis

-----Bitcoin's pin has ended, and the annual bottom has appeared. If there is still a possibility of a bottom, then there is a probability of a post-impact shock, but there is nothing special to guard against.

The crypto market may be in a small-scale cottage season during the Bitcoin repair stage. Most companies will begin to deploy small-cap cottage stocks, and the passage of Ethereum's ETF will also cause a part of the funds to flow in.

Bitcoin's intraday consolidation market, with upper pressure around 68,500 and lower support around 66,600, mainly up and down oscillation consolidation, the key position of the middle track around 67,500, observe step by step, this week's differentiation is very serious, just sit tight.

Spot can just get through this difficult time in the history of cryptocurrencies safely and stay calm when things go wrong. #比特币大会 #币安7周年