【BTC maintains high consolidation, ETH rebounds after stepping back, and the altcoins are lagging! No trap, no main force! 】
2024.7.23 morning 8:52 BTC market analysis
The big cake was relatively strong last night, and it is still consolidating at the 67500 line at this moment. The aunt and the morning step back twice fell below 3451 and recovered 3451, which pulled out 20+ space. Most of the other altcoins directly fell back to the starting point of last week!
The trend of the big cake at this moment is similar to that of last night. The demand for stepping back within 24 hours is still there. If it can continue to maintain above 67000, there will be another wave of rebound demand in 4 hours to break through 69000 or even touch 70000+
However, in the past 24 hours, if the step back signal has not been confirmed, only short-term intraday trading is done, not a three- to five-day layout opportunity!
BTC attention
Support 66500/64800/62600
Pressure is tentatively set at 69000
The current trend is approaching the end of the month, coupled with the positive stimulus of the Bank of Canada's interest rate cut and the expected value of the US core PCE data. The BTC Ecological Conference on 25-27 is all caused by the high volatility and FOMO sentiment in the market, so it is not a good time for short-term traders; however, if there is a downward spike, it is still a day-to-day move!
