Review and analysis of the currency market on July 26
Market review:
Big Cake: Yesterday's expected decline, but the actual rebound exceeded expectations. After the daily line closed, it encountered the resistance level of 65,000. The hourly level callback was not strong. After 64,400 points were supported, it rebounded to 66,500 points, and the fluctuation exceeded expectations by 1,000 US dollars.
Second Cake: Yesterday's lowest point was 3080 and then rebounded, which was in line with the expected range of 3200-3260. The overall performance was weak and failed to drive the rebound of altcoins.
Today's analysis:
Big Cake: Pay attention to the resistance level of 66,800-67,200 in the rebound. If it cannot stand firm, it may continue to fall back. The intraday support point is 64,000-64,800. The volatility is large, pay attention to risk control. The current trend has turned to a decline, which is not the best time to enter the market. Short-term operations can wait until the 60,000-62,000 range.
Second Cake: Yesterday's performance was weak, and it rebounded to the 3200 range after the lowest point was 3080. The intraday support point is in the range of 3080-3120. If it falls below 3080, you can pay attention to the key points in the range of 3000-2960. The resistance position remains unchanged, and the focus is on the range of 3200-3260.
Altcoins: The trend of big cake and two cakes is the main trend. The market lacks narratives and hot spots. Wait until big cake and two cakes stop falling and reverse before considering short-term speculation.
The market volume is insufficient, and the unilateral rebound of big cake has failed to drive the overall market. Operations need to be cautious and risk control is the main focus. It is not the best time to enter the market, and short-term operations need to wait for clearer signals.
