Crypto market analysis 7.17 The sentiment of inducing short selling intensifies, and the counterfeiting continues. In the past 24 hours, the total amount of liquidation in the entire network reached 224 million US dollars, of which long orders were liquidated 95.0074 million US dollars, short orders were liquidated 129 million US dollars, and the main liquidation was short orders. Among them, the liquidation amount of Bitcoin (BTC) was 72.4834 million US dollars, and the liquidation amount of Ethereum (ETH) was 40.3122 million US dollars. Federal Reserve Governor Kugler said that the rebalancing of the job market means that inflation will fall to 2%; if the inflation data fails to boost confidence, it may remain unchanged for a longer period of time; if the unemployment rate continues to rise, the Federal Reserve may cut interest rates in advance. Daily level market The daily level shows that the market rebounded quickly, the rebound speed was too fast, and it was close to the upper pressure position. The large-level pressure is around 66,000, and the lower support is around 62,500. 4-hour level market The 4-hour level market shows an upward trend, with the upper pressure level around 66,500 and the lower support level around 64,000. Intraday level analysis Bitcoin's pin has ended, and the annual bottom has appeared. If there is still a possibility of a bottom, it may be a post-impact shock, but there is nothing special to guard against. Bitcoin's certainty is already very high, and the weekly level bottom is around 58,000. You have missed this round of rebound. The intraday level market is still a small-level rising market, but I don't think it will go straight up. Intraday, the key position of 66,200 is under pressure and it may not really fall back. Now the BTC market is no longer suitable for gambling contracts. It is easy to induce shorts and the technical side is suitable for shorts. So don't make orders when it is against the trend, and wait for the results. Spot can safely pass through this difficult time in the history of encryption, and stay calm when encountering things.#Crypto#Bitcoin #BTC☀ TC#Ethereum#ETH#MarketAnalysis#Trading#Investing#Cryptocurrency#Fed#Inflation#FinancialMarkets#CryptoNews