July 31

Market Analysis

BTC: 1-hour and 4-hour levels are below healthy levels, and the daily level returns to a healthy level. The macro environment has improved, and expectations for interest rate cuts have increased again. The subsequent general direction continues to be bullish. The recent negatives are being released. The double negatives of Mentougou + Grayscale selling pressure are no longer a concern. Pay attention to changes in US holding addresses.

Intraday upper resistance 67200-67700📉

Intraday lower support 64700-65200📈

Today is expected to continue to consolidate, and positions can be opened. Gambling on the evening interest rate meeting is favorable

ETH: 1-hour and 4-hour levels return to a healthy level, and the daily level returns to a healthy level. The macro impact has improved, and expectations for interest rate cuts have increased again. The ETF has been passed, and the general direction continues to be bullish. Pay attention to the subsequent selling pressure after the ETF is passed. Pay attention to the changes in Grayscale holdings.

Intraday upper resistance 3360-3410📉

Intraday lower support 3200-3250📈

Today is expected to consolidate, and positions can be opened. Gambling on the evening interest rate meeting is favorable