July 22, 2023 Saturday
Today's latest news:
1. A brokerage user completed the first virtual asset transaction matched and traded on HashKey Exchange through the Hong Kong Huafu Jianye Securities APP
2. MetaMask plans to launch the Snaps protocol by the end of 2023, allowing wallet users to access new applications and perform cross-chain protocol interactions
3. Paradigm, a cryptocurrency institutional liquidity platform (non-VC firm), has incubated a decentralized perpetual derivatives application chain called “Paradex”. It is designed based on Starknet’s recently launched developer stack.
Bitcoin market analysis:
As shown in the figure, Bitcoin has not broken through the important support level at the daily level. 29500 below is a super strong support. It has not been broken through in continuous tests. The main force is protecting the market seriously. Is it ready to go or waiting for a breakthrough? This position is a watershed for large-scale long and short positions. As long as it can be held, there will be no problem with the spot of altcoins. If it falls below, stop loss should be considered. The four-hour level is currently short-biased, with upper pressure around 30300. In terms of operation, it can be mainly rebounded and shorted.
Upper pressure: 30300, 30800
Support below: 29500, 28800
Operation suggestions:
1. Short around 30100, cover at 30300, stop loss at 30380
2. Long around 29700, cover position at 29600, stop loss at 29460
