From the overall trend of the day, although there was a retracement in the white market, the overall price was still strongly supported at the bottom, and the price could not fall further!

The overall price of the big cake was pulled near the four-hour MA7 daily average line, and the price was supported near 70800, which was also near the long order entry point shared in the morning. Friends who paid attention to the idea also had the opportunity to access long orders. The daily level continued to rise along the upper rail. Although the white market price did not rise, from the support situation, the performance of the bulls was still relatively optimistic!

After the overall price of Ethereum rose in the early morning, the price continued to fall during the day. The bottom finally received strong support near 3850, which was also the four-hour MA7 daily average line. This was also the key suppression area of ​​​​Ether some time ago. Now that the price has stabilized here, the subsequent performance of the bulls is still very optimistic!

Judging from the overall trend, the performance of the bulls is still very optimistic. Whether the price can successfully break a new high this month or even this week depends on whether the release of tomorrow's non-agricultural data and next week's CPI data can give the market a certain degree of confidence. After all, in terms of time, the market expects the Fed to cut interest rates as early as around September. If the non-agricultural and CPI data can allow the Fed to put interest rate cuts on the agenda, then the digital currency market will surely soar!