24/06/07 The European Central Bank cut interest rates for the first time in 5 years. BTC was rejected at 72,000 many times. Things to pay attention to in the short term!
The European Central Bank has started a rate cut cycle, cutting interest rates by 25 basis points as scheduled, the first rate cut since 2019, and the second central bank to cut interest rates among G7 member countries. Yesterday we said that Canada has started to cut interest rates. The focus of subsequent market attention is the attitude of the US central bank.
BTC's four rebounds were all suppressed by 72,000. At present, the upward momentum of the entire market has weakened. Next is the sluggish trading volume over the weekend. It is unlikely to effectively break through the previous high this week. Whether it can break through depends on next week.
Flatbread
The general direction continues the consistent thinking, the bull market has no peak, and shorting is cautious in the bull market. The mid-way reminder of the risk of callback or the reminder of sharp rise and fall is just to prevent profit taking and lock in profits.
The daily line closes the cross star, the long and short game, BTC fluctuates at a high level for 85 days, and usually around 90 days will be the time for a change. Two trend predictions: The first is that the daily line closes the cross star continuously and then breaks through
The second type is to fall back to BOLL and then continue to rebound upwards.
Note: The daily rising trend line and BOLL middle track cannot be broken.
The 4-hour upward retracement tested the support of 70,400 that had previously been broken. If the 1-hour rising channel is broken, it must rise again.
support:
pressure:
ether
Yesterday, Bitcoin slightly pulled back, and Ethereum lost the gains of the day before yesterday. It is still fluctuating at the lower line of the rising flag. It has fluctuated in a narrow range for 17 days since the big positive line on May 20. It still needs time and space. Next, only a big K-line can change many people's views.
