Bitcoin hit a high of $67,395 this morning, its highest point in a month, and Ethereum also climbed by $3,540.
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Bitcoin fell to $63,230 yesterday, but started a strong rise in the evening. At around 3 a.m. today, Bitcoin broke through $67,000 to $67,395, a one-month high.
It has now pulled back and is now trading at $66,443, with the increase in the past 24 hours narrowed to 3.61%.
Where is the pressure point of Bitcoin?
According to Fibonacci retracement, the next resistance level (0.786) after Bitcoin breaks through 0.618 is about $68,000. At the same time, this level is also the upper edge of the trading concentration area. If there is a significant decline after reaching this price, there may be another wave of pullback to accumulate more strength.
Although ETH's trend is close to that of Bitcoin, with the highest reaching $3,540 in the early morning, the overall increase is weak. At press time, it is currently trading at $3,497, up 2.26% in the past 24 hours.
Top 10 Token Performance
The other top ten tokens also rose synchronously, with SOL having the largest increase, rising 7.36% in the past 24 hours and once exceeding $170. BNB, XRP, and DOGE also rose by 3-5% respectively.
Over the past 24 hours, the entire network has been liquidated for more than 165 million US dollars
According to Coinglass data, in the past 24 hours, the total amount of cryptocurrency liquidation exceeded US$165 million, and nearly 43,000 people were liquidated (short positions accounted for US$102 million).
Ethereum spot ETF to be launched next week?
Recently, an event that may cause a large fluctuation in the market is about to happen, and it is increasingly clear that the Ethereum spot ETF is expected to be officially listed on July 23. At present, the official website of the Chicago Board Options Exchange (Cboe) has shown that five new Ethereum spot ETFs have been added, including VanEck, Invesco, Fidelity, 21Shares and Franklin Templeton, and are expected to be open for trading on July 23.
Although analysts believe that this listing may not bring in a lot of new funds and attention like the approval of the Bitcoin spot ETF, it is still a positive event worth paying attention to.
