News:
1. Mt. Gox address transferred 12,000 BTC to a new address at 7:40;
2. Brazil approved the second Solana ETF;
3. Binance Launchpool launched DOGS;
4. Federal Reserve Board member Bowman reiterated: If inflation continues to slow, interest rate cuts will be appropriate;
5. US presidential candidate Kennedy Jr. and his partner are considering withdrawing from the presidential election and supporting Trump.
Technical:
Pie: Yesterday, it was clearly analyzed that the daily K-line first peaked several times and then made a large correction. Each wave of peaks was lower than the previous wave. The overall trend showed that the market was more luring. Yesterday morning, the highest rushed to 61,400 points, lower than the previous two highs of 62,700 and 61,800. Then the small-level line began to move out of the small Yin line. At 10 o'clock in the evening, the decline was expanded and accelerated. The daily line closed with a long upper shadow Yin line. Facts have proved that yesterday's view of the luring market was correct. The intraday market is still dominated by rebound bearishness. The upper focus is on the two pressures of 59500 and 60000, and the lower focus is on the recent lows of 58000-57500.
Second Cake: At the daily level, yesterday's high-rise fell back and closed with a real negative line. The K line closed below the moving average. The moving average support has been broken. After the rebound in the morning, it can continue to be bearish. The upper pressure focuses on 2610-2640, and the lower support focuses on 2530-2500.
Shanzhai: Yesterday's trend basically followed the big cake, and it went out of the high-rise and fall market. There was a rebound in the morning. Beware of the collective diving market in the afternoon.
SATS: Yesterday, the 30-31 position was given as bearish, with a drop of more than 4%. It continues to be bearish during the day, and the upper focus is on the pressure of 30-31!
SOL: Yesterday, the upper pressure of 147-150 was given as the upper pressure, and it continued to be bearish. Yesterday, the intraday drop was 7 US dollars. Today, it continues to be bearish, and the upper focus is on the pressure of 144-147!
The currency market is volatile, so be cautious when entering the market. This is my personal opinion, no suggestions, just for sharing.
