Crypto market analysis 7.07   The bottom appears, beware of bad things in the Asian session on Monday

End the first day of the rebound, the last day of the weekend will be normal during the day, observe whether the bottom is supported and the decision of the US market in the evening, and the US market will continue to repair the lost ground in the evening. We have to wait for the situation next Monday. We will see how the market will go next Monday. After the specific closing of the weekly line, it cannot be completely considered that the bottom has appeared. We need to wait for the accurate CPI to appear, so we will continue to pull the market at the end of this month.

Since Bitcoin seems to be oversold in the short term, potential macroeconomic benefits are expected next week, so there may be a counter-trend rebound. In addition, the US Securities and Exchange Commission may approve the Ethereum ETF, which may trigger positive momentum in the short term. However, in the medium term, this is not a major buying opportunity. Those who are more stable can wait. Only after the settlement on July 11 and 12 can we know how the subsequent situation will go.

Daily level market

- ​​The daily level has a large downward trend, with the upper daily level pressure near 60,500 and the lower support position near 56,000.

4-hour level market

The 4-hour level bottom appears, the bottom is near 57,300, the bottom support is near 56,000, and the upper pressure is near 59,000.

 Intraday level analysis

-----All intraday market conditions, the weekly line has reached the bottom, the extreme pin position has reached near 53,000, basically over, but next week it is still possible to pass 55,000 again, buy chips but don't rush.

  The intraday level starts to rebound, and it is necessary to look at it reasonably whether it is an oversold rebound or a formal rebound. The intraday level bottom support position is near 56,000, the nearest support is near 57,300, and the upper pressure is near 59,300.

  Spot can safely pass through this difficult moment in the history of encryption, and be calm in the face of things. #美联储何时降息？ #BTC走势分析