The mysterious date of July 14 is coming soon, and it is favored by major KOLs. Here are some views on the next market:
Technical analysis of Bitcoin:
Bitcoin has formed a second bottom on the 4-hour chart and successfully broke through the key resistance of $58,300. Despite the continued selling by the German government, the market shows signs of rising instead of falling. A conservative low-long strategy is currently adopted. Powell's speech at 22:00 tonight may become an important event in the market. You can set a pin order to deal with possible news declines and enter the market decisively once an opportunity arises.
Miner cost analysis:
The cost of miners is between $49,000 and $53,000, which shows that the market has hit the bottom of the bull market correction. Looking back at the situation in 2020, the market ushered in a sharp rise after hitting the miner cost.
Trump's victory and interest rate cut expectations:
Trump's victory is considered a sure thing, coupled with the expectation of interest rate cuts in September, these are all positive factors for the cryptocurrency market. It is expected that the fourth quarter will usher in a good market. In the current bull market, the market is volatile and opportunities are frequent. For bull market strategies and contract suggestions +V:GOOOKOOOY
Historical bull market pullback analysis:
Historically, bull markets usually experience 5 to 6 30% pullbacks. The current market has fallen from the high point on July 3 to around May 3, which is close to a 30% pullback, which is in line with the typical pullback rhythm in the bull market. Therefore, it is critical to seize the right time to get on the train, because a sharp drop is actually a real investment opportunity.
In summary, July 14 will be a key date, bringing multiple positive factors. Investors can grasp the trading strategy that suits them based on the technical and fundamental analysis of the market, in order to obtain more investment returns.
