Today's market analysis:
BTC: It rebounded after oversold on July 5, and has been fluctuating below 58,500 for 5 days. The market trend can refer to the oversold rebound on June 25. This wave of market will become a major resistance for BTC to rebound tomorrow. The daily level 58,500 line has obvious pressure. If it breaks through this position, the market will still focus on rebounding. The conditions for market reversal have not yet been met, and it will at most go to around 59,300.
The four-hour line trend is expected to show an M-shaped trend. If it falls below 56,500 during the day, it will look around 55,000.
ETH: The rebound is close to the pressure range of 3188~3256 given yesterday. The rise below the line is difficult to sustain in normal fluctuations. It is recommended to sell at highs in the short term, and consider buying again after the hourly line breaks through to form the second sideways area.
Suppression area 3173~3256, short-term support 3033!
In terms of altcoins: most of them have seen a slight rebound recently, especially the inscription sector represented by meme coins. It is expected that this rebound will continue until tomorrow and the day after tomorrow. It is recommended to flexibly adjust according to market dynamics and keep the main asset stablecoin as the main focus.
SOL: This rebound was blocked for the second time at the main control line of 145. 145~148 is a suppression range we are facing now. If the price can break through and stay sideways above 145 for about 8~10 hours, it can be regarded as an opportunity. It should be noted that the time requirement must be met, otherwise there is the possibility of a false breakthrough.
If there is a pullback, it will be an opportunity to grab a short-term rebound, with reference points at 138.2~140.
BB: Yesterday we suggested shorting around 0.44. Today we may look for shorting opportunities again around 0.43, with a large retracement.
NOT: This rebound exceeded 60%, and we need to pay close attention to the retracement signals in the future.
The above is only personal opinion and does not constitute investment advice. It is for reference only.
The news is stabilizing, and the chips sold by Germany have been basically digested by the market. With the continuous injection of liquidity, the market is likely to continue to increase in volume. In addition, the recent Ethereum S1 spot approval has entered the hype period ahead of schedule, and the second-layer solution is also ready to go, waiting for a large increase in volume. Therefore, the next market direction is still mainly bullish.
The following are the key points to focus on:
S1 spot approval passed: It is expected to enter a buffer period like the previous Bitcoin spot approval. Then, with the injection of liquidity, ETH will rise strongly, and the momentum is expected to be very large, and it is very likely to directly hit the historical high.
The rise of the first layer, second layer and related tokens: The rise of ETH will drive the rise of the first layer, second layer and related tokens. This trend has been mentioned many times, so we still need to focus on the layout of the L2 sector.
L2 tokens: I have recommended many L2 tokens before and have written related recommendation articles. You can read the previous content. The current position is basically suitable.
Focus on these sectors and tokens to capture market opportunities.
In addition, we also need to pay attention to the meme coin sector. Although this sector does not have a clear narrative and ecology, its main feature is that emotions drive the rise. Every time the market stops falling and rebounds, meme coins are often the first to lead the rise. This is also the preferred sector of many individual investors and institutional investors.
As the market continues to rise, meme coins will also rise driven by FOMO sentiment. I have recommended some meme coins before, you can read the previous content. You can also consider buying some top-ranked leading coins, such as: PEPE, People, Floki, Meme, BOME, to plan ahead.
I would like to recommend two small currencies that Xiao Miao bought today.
BE
After the price of SEI hit the lower support of the falling wedge, it triggered a strong rebound.
The RSI is about to break out of the downtrend line that has been acting as strong support since the beginning of the year.
This suggests that the price is likely to maintain a strong uptrend and reach the upper resistance zone between $0.43 and $0.45.
The coin may face a minor correction and remain sideways for a while before it is expected to break out to near the initial target of $0.6 and above $0.58.
LOVE
After finding the bottom, TIA resisted the bearish pressure and sparked a rebound.
The coin is not expected to see a huge bullish candle but will maintain an upside consolidation trend.
The DMI shows that the trend reversal that has already begun may intensify as the +Di and -Di are about to form a bullish crossover, but the ADX is about to start falling.
The volume rose, indicating increasing trading activity, which could prolong volatility.
Therefore, TIA price is expected to maintain an upward consolidation and is expected to break out of double digits to reach the overhead resistance level of $11.
That’s all for today’s article. We are currently in a bull market, and things are turbulent. We share passwords every day.
