BTC: The daily level closed with a medium-sized positive line, which is currently suppressed by the 60-day and 120-day moving averages. The RSI indicator is currently above 61. Although it is in a strong upward trend, it is close to the overbought area. Combined with the net inflow of 4,952 coins worth $301 million in the US spot Bitcoin ETF yesterday; the expectation of the Fed's interest rate cut and Trump's nomination as a presidential candidate, these news have had a positive impact on market sentiment. In particular, the expectation of a rate cut may bring more liquidity in the future market and push up the price of Bitcoin. In summary, there may be a small retracement in the short term, and the retracement to the 5-day moving average will not break, and finally choose to continue the upward trend. Pressure reference: around 65,000; around 69,000; $BTC