Yesterday, the 4-hour signal was very obvious. The current trend has reached a regional bottom stage. From yesterday to today, the German government has been selling continuously, but from the market point of view, the market panic has weakened, and the market has not effectively fallen below the support level near 55,000 again.

There are still many expectations at the macro level in the future, such as the approval of the Ethereum ETF, the expectation of the Federal Reserve to cut interest rates, and the coming to power of a political party that is more friendly to encryption, etc., which will further promote the development of the encryption industry.

At the 4-hour level, there are currently two obvious supports, one on July 5 and the other on July 9. There are currently two effective supports at the bottom. If the German government continues to sell this week and cannot break through the previous support position of 53,485, then it will gradually repair from next week, so there is not much time left for the air force. Here I would like to remind the contract players that the market has reached a critical moment of turning again, and they must pay attention to the risk of liquidation.