7/01 Market Analysis:
1⃣The weekly line recovered above the weekly EMA20 as expected, and the monthly and weekly lines opened violently, but were quickly beaten down by the daily EMA20 and EMA100.
At present, it has come out of the falling channel, so there is no need to worry too much about the subsequent market. It is still dominated by shocks. You can refer to the analysis of the big cake in the previous articles. You need to wait patiently for EMA20 to flatten before a new upward trend will be opened!
2⃣The early wave of pull-ups is also partly due to the rumor that Biden suffers from Alzheimer's disease (commonly known as senile dementia) and wants to give up the presidential election, which greatly increases the probability of Trump's election as president. Everyone knows that Trump is very friendly to the cryptocurrency industry. If Trump is elected, it will also greatly benefit the development of the crypto circle!
3⃣There are several news that need to be paid attention to this week
①Powell's speech on the labor market on Tuesday;
②Non-farm and unemployment data on Wednesday;
③The important non-farm data on Friday.
The topic is mainly focused on the labor market that the Federal Reserve attaches great importance to. Whether to cut interest rates or not is also very related to the rise and fall of the employment market.
👐So this week is also the most important week in July! Make orders based on support and pressure, and do a good job of risk prevention and control~
