Today's overall market score: 70 points
There was a heavy news in the evening, that is, the US SEC suddenly stated that the application documents for BTC spot ETF submitted by many institutions recently were insufficient. The random bitcoin price fell all the way to around 30,000. This is the negative impact brought by the news. Then the Chicago Board Options Exchange planned to update and resubmit the application documents for the spot Bitcoin ETF. The application for the spot ETF has temporarily encountered some turning points, but in the long run, it is only a matter of time before it is passed. There is a chance of a big drop, and you can grab the opportunity to buy at the bottom;
Regarding the market's expectation that the Federal Reserve will raise interest rates by another 25 basis points on July 27, the probability has risen to 86.8%. This is also attributed to the recent speeches of some Federal Reserve voting members, some of whom are hawkish recently, and the expectation of interest rate hikes has begun to heat up again;
1. Dark Horse Quantitative Following
From the perspective of the dark horse quantitative follow-up model, the news released by Bitcoin in the SEC pushed it down to around 30,000 in the short term, and then it immediately pulled up, indicating that it is still very strong. The 3w is tested repeatedly here, and the support is effective;
The short-term support of the Bit Dark Horse quantitative model is at 29500-30000, which is still very strong. This is also the location of the golden line, and multiple tests are effective; #BTC #ETH #BCH #XEC