The three major US stock indexes rebounded across the board. There is news that the US government has included Bitcoin in its strategic reserve financial funds, buying 200,000 Bitcoins every year for five consecutive years. This is undoubtedly a long-term good news for Bitcoin. Under the coercion of the United States, Japan will stop raising interest rates. The stock market crash caused by Japan's interest rate hike has come to an end. Now it depends on whether the United States will successfully cut interest rates in September?
I think it will come sooner or later. After so many years of waiting, the bull market that the currency market owes will come quietly with the sound of interest rate cuts. Now the short-term market has entered a consolidation period of 1-2 months. I dare not say whether $49,000 is the final bottom, but this position will not be more than 10% away from the bottom. Here again, it is emphasized that the daily pin is not the bottom of the medium and long term, but it is the stage bottom. The upper important pressure is $58,000, the key pressure is $63,000, the lower important support is $53,000, and the key support is $49,000. In terms of operation, it is mainly selling high and buying low, and the medium and long-term bottom pattern is formed before replenishing the position.
Ethereum follows Bitcoin's fluctuations, but is significantly weaker than Bitcoin. In the short term, follow Bitcoin's rhythm. For medium and long term, wait until the bottom pattern is formed before adding to your position.
The altcoins follow the fluctuations of Bitcoin. It is recommended to focus on the three major ecological layouts of BTC, ETH, and SOL. Don't sell at a loss, life and death are just a matter of thought.
The dark horse currency that is currently worth buying at the bottom and is about to surge 20-50 times in the second half!
ORDI
As the leader of inscriptions, ORDI has increased by more than 4 times in the year. The market's recognition and expectations for it are self-evident. The high level of the Fear and Greed Index further confirms the greed of the market and adds unlimited power to ORDI's rise. Technically, ORDI's trading price has strongly broken through the 200-day moving average, with an astonishing increase. In the future, with the continuous deepening and expansion of the ORDI project, its token price is expected to hit a new high of $100 next year. Once the low of 25.92 is broken and continues to hit new lows, there will not be too many support positions below. There will be relatively strong support in the area of 19.6-22.4. Spot orders can be placed at 19 to buy on dips.
ETH
Are you scared of the drop? This quick drop is actually a good thing. Quickly clear out the large long positions, and then quickly pull back when everyone is not paying attention. When you enter again when you notice it, you may be buried. I suggest that you buy a wave of spot goods near Ethereum 2200, and consider entering the altcoin market again after the market stabilizes!
SUN
Solana has carved out a niche for itself with its fast and cost-effective blockchain that supports a wide range of decentralized applications and crypto businesses. Despite the sluggish market, Solana has shown strong growth potential. Its technology is designed with speed and efficiency in mind, making Solana a strong contender to lead the next round of altcoin craze, making the current market conditions an attractive entry point for investors. The current price is around 153, and you can place a buy order around 125
