6.17 Market Analysis
Technical aspect:
Last week, I reminded everyone that the two defensive positions of Bitcoin are 66,000 and Ethereum is 3,445. If they don’t fall below, there will be a rebound. As expected, they did not fall below, and then there was a small rebound, but Ethereum’s overall rebound was relatively strong! At present, the rebound of the entire Bitcoin is not strong, and from the weekly level, there is still a need for retracement, at least the small level will fluctuate or fluctuate downward. The same focus is on whether the position of 66,000 can be broken through? If it cannot be broken through, it will continue to fluctuate between 66,000 and 67,300. If it breaks through, focus on 64,000 and 60,000. If it breaks through 66,000 to 64,000 and 60,000, it will form a double bottom on the weekly line, and at the same time repair the zero axis of MACD, and then look at a directional choice
, so at present, just rebounding cannot constitute a reversal!
Although Ethereum rebounded strongly this time, the focus should be on the boss's face. Similarly, if you want to see the continuity of this position, you must focus on breaking through 3730 to see its subsequent continuity. At present, 3650 and 3730 are resistance in the short term. The support below is 3560 and the defense below is 3440. Those with large funds can still intervene in batches!
News:
This week, more than 9 Fed officials took turns to speak. In addition, pay attention to two data
(1) Retail sales data will be released at 8:30 on Tuesday
Expected to be 0.3%, higher than the negative, lower than the positive!
(2) PMI data released at 9:45 on Friday
More than 1 billion USDT was issued last Friday, which is a positive
Ethereum whales have purchased more than 700,000 ETH in the past three weeks, with a total amount of approximately US$2.45 billion.
In June, the US spot Bitcoin ETF still had a net inflow of 17,134 BTC.
BlackRock executives said that Bitcoin ETF is a bridge between cryptocurrency and traditional finance. He said that before the emergence of ETFs, the existing cryptocurrency market was not enough to meet the needs of some investors.
Cme Fed Observation: The probability of the Fed keeping interest rates unchanged in August is 87.6%. Next, pay attention to the market's expectation of a rate cut in September.
The Ethereum ecosystem mainly includes the I2 sector (matic imx op arb strk manta strk celo metis), the re-staking sector (ethfi rez ssv ldo), the Defi sector (uni mkr pendle), the domain name (ens), and the Ethereum meme sector (people trump pepe)
