BTC: Yesterday, Bitcoin fluctuated widely, reaching a high of around 58,300 and a low of around 54,300. It rebounded and tested the 200-day moving average pressure again before coming down. For Bitcoin, the 200-day moving average has become a turning point (or dividing point) for long and short positions in the near term. Recovering above the 200-day moving average means a change in the short- and medium-term downward trend. Of course, the price below 200 implies that the price continues to be weak.

Today, Bitcoin is likely to continue to fluctuate between 54,500 and 58,000. The short-term trend is volatile, and the medium-term trend remains downward. Pay attention to the support of 52,000 and 47,000 below. In short-term operations, do not chase long near 58,000, and do not chase short near 54,500. However, one thing to note is that the Ethereum ETF may land next Monday, which will have an impact.

ETH: For Ethereum, we still need to pay attention to the ETF news this week. The Ethereum ETF landing was changed from July 2 to July 4, then to July 8, and finally to July 15. July 15 is next Monday, and it will come soon.

If it can hold 2800 before the 15th, it is highly unlikely to reach 2450. The same is true for Bitcoin. If it does not reach around 52,000 before the 15th of this month, it will rebound strongly driven by Ethereum. The rebound may not necessarily turn Bitcoin bullish, but it can make 53,200 a strong support. In addition, Ethereum fell along with Bitcoin last week. Bitcoin broke through the important support of 58,000, but Ethereum did not. The important support of 2,800 was not broken, so we still need to pay attention to the price changes of Ethereum this week. If it cannot break 2,800, then this position is very likely to be a low position.