Today, the stock market is turbulent again, and leading stocks are collectively frustrated. It is suspected that they are affected by the aftermath of the release of financial reports. The turmoil in the US stock market has also affected the cryptocurrency market, causing panic.

However, BTC and ETH unexpectedly showed resilience. The US stock market was calm during the trading session, and the price of the currency remained stable until late at night. But when the dawn broke in the east, the Asian market could not escape the spread of panic, and the price of the currency fell.

On the other hand, the US stock market is gradually stabilizing today. Although the power of the financial report season is great, the ETF data reveals positive signals. Although BTC fell, its purchasing power increased. Except for Grayscale, the funds of other ETF institutions have not been withdrawn, and the mentality of US stock investors does not seem to be easily shaken.

Market turnover analysis shows that veteran players are calm and confident, and the selling pressure mostly comes from speculators who have entered the market for a week. Even major events such as the Mentougou distribution have not touched the nerves of old players. Instead, investors who have lost money recently are eager to escape, staging scenes of "cutting leeks".

The current market sentiment is low, and ETH supported by ETFs cannot escape the fate of "selling on good news", and other tokens are even worse. The market may continue to fluctuate widely in the range of 64,000 to 69,000 US dollars. This prediction has not been made in a day. If the support is not broken, the fluctuation will not stop.

On Friday night, the core PCE data will be released. Although the Fed's expectations for rate cuts are strong, there are still variables in the repeated inflation. In addition, Trump's much-anticipated speech is scheduled for 2 am on July 28 (Beijing time). His remarks may become a new market vane, which is very imaginative. 4873945 4814