On July 18, the U.S. spot Bitcoin ETF increased its holdings by 2,194 bitcoins, continuing net inflows for 9 consecutive days.
From a technical perspective, Bitcoin rebounded near $66,000 and began to fall slightly. At present, the probability of a "consolidation" is relatively high. Normally, it should be supported at $62,000-63,000, and the maximum retracement will not fall below $60,000.
Personally, I think the siphoning phenomenon of Bitcoin will continue for some time, and everyone should increase their positions in batches when the price falls back.
But I would also like to remind everyone that we should not be too blindly optimistic about whether Bitcoin can effectively break through $66,000.
Don’t get hung up on the temporary rise and fall of Ethereum’s trend, but wait patiently for the approval news of Ethereum spot ETF.
The first round of altcoin rebound has come to an end, and now there is a differentiation. But I would like to remind everyone that altcoins should have fallen to the bottom, and now is just the time when the bottom has just started. If you have the ability to cover your position, it is best to cover your position at a low point. Focus on the medium and long-term layout of the three major ecological currencies: BTC, ETH, and SOL.
The market does not need to panic! Related tokens are expected to surge 100 times!
$FIGHT hits new all-time high
According to DEXScreener data, the Solana chain's meme coin $FIGHT, which is related to the Trump attack, is booming! Today, $FIGHT has continuously refreshed its historical high price, breaking through $0.0184! Although it has fallen back slightly, it is still stable at $0.0166 as of press time, showing an amazing rise and investors' enthusiastic pursuit!
$TON is ready to go
TON has become an accepted medium of payment on the Telegram platform. Influencers can now earn TON as a reward by creating active channels on the Telegram app. The growing use of cryptocurrency and its increasing adoption rate have made it one of the best performing cryptocurrencies in the bull market.
Toncoin has seen a significant increase in value since June, breaking out of a consolidation phase around $6.00. Last week, a flash crash in the cryptocurrency market caused TON to fall back to the $6.20 support level, giving bullish investors an opportunity to capitalize on this level and push the price back into bullish territory.
Finally, Xiaoru wishes everyone to become rich soon!
If you buy at the bottom in this market, you might end up buying halfway up the mountain. If you don’t buy at the bottom, you might miss the chance to get on board!
In any industry, insiders make money from outsiders. If you don't understand the trend, investment strategy, or systematic investment method, you are welcome to learn from me. In the financial market with the most smart people, you can successfully dig for gold! Welcome to follow me and communicate with me!
See you next time
