News:
1. Bitcoin mining difficulty is expected to decline on August 14;
2. NEAR Foundation: Chain Abstraction has been launched on the NEAR mainnet;
3. The exchange's Bitcoin reserves hit a five-year low, with $5.96 billion withdrawn within 30 days;
4. APT, SAND, ARB, STRK and other tokens are scheduled to be unlocked next week, of which APT unlocks about $65 million;
Technical:
BTC: On a weekly basis, it fell sharply last week and then rebounded to the 7-day moving average of the weekly line and fell back to close a small cross positive line. The 7-day moving average of the weekly line continued to extend downward and broke through the 30-day moving average to form a dead cross downward. The weekly line is likely to go out of the second exploration this week, and the short-term target is around 51,500. From the daily level, the rebound last week repaired the technical gap, and the K line rebounded to the vicinity of the daily 14-day moving average. The overall focus on the 14-day moving average began to move downward. The overall intraday market is mainly bearish at high levels. The upper pressure refers to the 59000-59500 range. At the same time, be careful of the pin near 60000, and the lower support refers to the vicinity of 57000.
ETH: The weekly line closed with a long lower shadow line and a negative line. This week is expected to go out of the second exploration market. The short-term lower target is around 2300 points. From the daily line, yesterday's high of 2720 entered a correction and closed with a long upper shadow line. Today, the market continues to be bearish yesterday. The upper focus of the day is the pressure of the 2570-2610 range, and the lower focus is on the 2480-2450 range.
Shanzhai: Since last Saturday, we have been paying attention to risk control. Most Shanzhais have begun to retreat by more than 10%. In this adjustment, the Shanzhai support price is likely to be broken!
MEW: Retreating from 0.006, the current decline is nearly 25%, 0.0045 below has been achieved, and the next target is around 0.003 (protection price).
SOL: The target of this pullback is around 120 (protection price), and the next target is around 85!
The currency market fluctuates greatly, and you need to be cautious when entering the market. This is my personal opinion, no suggestions, and only for sharing
