Today's market analysis:
BTC: It has broken through the short- and medium-term suppression level of 59602 mentioned yesterday, which indicates that the daily sideways trend has entered the middle and late stages, and the time for a change is getting closer. As for the direction of the change, both long-term support and medium-term suppression exist and are shrinking continuously. Before these two key positions are broken, the market cannot determine the direction.
The current price is obviously still between 60920 and 55477, so now is still a small opportunity to buy low and sell high within the range. The short-term pressure range is 60062 to 60467, and the medium-term support range is 55477 to 55845.
There is still a possibility that the hourly line will rise further, so don’t rush to enter the contract short position.
ETH: Judging from the daily K-line indicator, there should be 1-2 daily K-lines before it enters the overbought stage. The first gray area above is the upper boundary of the box, which is around 3270, or 3250. The price cannot be very accurate. Resistance and support are subjective views, and we need to look at the real-time performance of the entity column on the market.
At present, Xiao Miao’s view is that the rebound is bearish
In terms of altcoins: XRP, which Xiao Miao recommended yesterday, has taken off.
#PEOPLE ：Although the increase was more than 20% within 3 hours of our entry, we should also be cautious and refuse FOMO! After all, the decline of 0.14-0.04 is just a rebound trend. Reduce positions rationally and hold positions reasonably!
Today's news: On the afternoon of the 13th, local time, gunshots were heard at a campaign rally in Pennsylvania when former US President Trump was giving a speech. According to reporters, the local prosecutor in Butler, Pennsylvania confirmed that the suspect had been shot dead and another rally participant was shot dead. The exact number of casualties has not yet been determined. The Trump campaign team said that after examination by local medical institutions, Trump is currently in a safe and stable condition.
At the same time, Trump-related MEME coins rose sharply, with TRUMP rising more than 40% in half an hour and MAGA rising more than 35%.
Now it seems that this is Trump! In the next week, how should we deal with the critical hit in the crypto market? These potential currencies should not be missed!
TrueFi (TRU)
$TRU token price shows that the bull cycle is gathering momentum with a solid support trendline in play. TrueFi token price action signaled a bottom reversal and recaptured the 23.60% Fibonacci level of $0.13.
Rising 9.29% intraday, the altcoin price action formed a bullish engulfing candle, signaling a continuation of the uptrend. Moreover, a bullish crossover in the MACD indicator further reinforced the bull cycle trend.
Considering the Ethereum ETF listing, the upward trend is expected to continue and the TRU token price may reach a peak of $0.25.
As the first cultural coin on the Internet, Mog Coin is an ERC-20 token based on the Ethereum mainnet. The daily chart shows an upward trend, and the MOG price trend shows a bullish channel pattern. With an intraday increase of 2.21%, the meme coin avoided the evening star pattern near the overhead resistance.
According to the Fibonacci retracement from March to April, MOG price is challenging the 1.618 level. With a potential trendline breakout and market recovery next week, this meme coin might easily reach the 2.618 level, which is $0.000002532.
Notcoin is forming a classic bullish pattern – an inverse head and shoulders top.
The pattern usually consists of three lows: a lower intermediate low (the head) sandwiched between two slightly higher lows (the shoulders).
The pattern is complete when the price breaks the neckline formed by the left and right shoulder peaks on heavy volume. At that time, the price is expected to rise to a position equal to the distance between the low point of the head and the neckline.
As of July 12, Notcoin is in the process of forming the right shoulder of an inverse head and shoulders pattern and is about to break through the neckline resistance level of approximately $0.017.
If a breakout occurs, NOT’s price target could soar to around $0.031, which would represent a gain of more than 100% from current levels. However, if the price falls below the low of the right shoulder (around $0.0133), it could fall towards the May support around $0.011.
Jito Network is a staking protocol. By staking through Jito Network, you can obtain staking income based on the Solana ecosystem. In addition, Jito is not just a traditional staking protocol. Compared with other staking protocols, it is unique in that staking users can also obtain MEV income. Therefore, users who use the Jito platform for staking can obtain double benefits. Jito is the first liquidity staking protocol on Solana that combines MEV income and staking income, which is also the main reason why Jito can provide higher returns.
With an Ethereum ETF set to be listed next week, Ethereum-based meme tokens are a great choice for a quick rally.
FLOKI is currently trading at $0.00014, down 56% from its previous peak of $0.00032.
The continued sideways trend after the sharp decline signals a trend reversal for the altcoin as a double bottom pattern is likely to occur. Moreover, the increased probability of a bullish crossover on the MACD further strengthens the bullish momentum.
According to the Fibonacci levels, the bull run in FLOKI price could reach a high of $0.00039 as the Ethereum ETF is listed.
That’s all for today’s article. We are currently in a bull market, and things are turbulent. We share passwords every day.
