Today's market analysis:
BTC: The daily oscillation range is still within the original box, in the middle position. In terms of details, the price rose and fell twice after approaching 59400. It can be seen that the suppression in the relay area of the previous decline still exists. The strategy of the comeback mentioned by Brother Tang is also applicable, that is, it is mainly to do reverse operations after amplifying the fluctuations!
The short-term support range is 55860~54930, and the short-term pressure range is 58690~59400
ETH: The local oscillation range is still 3044~3139. After breaking away from the upper track of the range yesterday, it quickly fell back. From the 4H market point of view, it was a very neat comeback. The same as the market view, here is the middle of the daily oscillation range, but it is still a little short of a change in the market, so it is wise to wait for the price to break away from the local oscillation range and then make a reverse fluctuation.
Support range 2974~2933, resistance range 3166~3204
Regarding cottage industries: Yesterday we talked about the last day of being optimistic about cottage industries, and I thought that yesterday’s rebound was the best opportunity to clear positions and wait and see!
SOL: When the Xiao Miao Zili Control Line < Main Control Line > 145 suffered three initial suppressions, the center of gravity of small-level price operation moved downward, and expectations should be lowered during the initial rebound. At the same time, the precondition for supporting a large increase in this stage remains unchanged, that is, the price stays above 145 for about 8 to 10 hours.
The short-term rebound point is 133.3, the support order points are 124~127, and the pressure range is 138.8~141.2.
ZRO: The four-hour line remains oscillating downward as a whole. The upper pressure during the day is in the range of 3.9-4.1, and the lower support is at 3.6. If it falls below, it is expected to retreat to around 2.8-2.4;
SATS: After yesterday's four-hour high and fall, it began to move out of the negative line, giving a short signal. Currently, there is support at the 18 position. In the short term, it will break through 17 to open up the space below;
(For more information on counterfeiting, please send a private message to Xiao Miao)
The above are personal opinions, not suggestions, just for sharing
Last night, the CPI data was released, and the results were in line with expectations, and the market was boiling for a short period of time. The current market generally believes that the probability of a rate cut in September is very high. Judging from the reaction of mouthpiece Nick and Wall Street, a rate cut in September is almost certain!
In addition, the German government currently has only 9,094 $BTC (worth $520 million) left, which is about 18% of its initial holdings. At this rate, it is expected that they will liquidate all $BTC in the next 1-2 days.
The spring of the cryptocurrency world is coming! Next, Xiao Miao recommends two potential coins to you:
WIF
WIF coin is a meme coin built on the Solana blockchain. It is symbolized by a Shiba Inu wearing a pink hat, so it is sometimes called a "dog hat coin". Since its launch, WIF Coin has quickly become popular in the cryptocurrency market with its unique community and meme cultural background, and has achieved significant market capitalization growth in a short period of time.
According to the latest market analysis, WIF coin has experienced dramatic price fluctuations recently. For example, in mid-June, the price of WIF coin fell by 2.19% in just 24 hours and 23.18% in the past 7 days. The K-line on July 11 and 12 showed obvious fluctuations. A long upper shadow appeared on July 11, indicating that there was a large selling pressure from above; the closing price on July 12 was lower than the opening price, forming a negative line.
Trading straregy
Long order buying point: around 1.5 - 1.45 (close to the previous low, and there is support at the integer level)
Stop loss: set at 1.4 (5 units below the buy point, effectively controlling risk)
Short order buying point: around 1.7 - 1.75 (close to the previous high, there is selling pressure)
Stop loss: set at 1.8 (5 units above the selling point, effectively controlling risks)
This trading strategy can help investors find the best entry point during price fluctuations while controlling risks by setting reasonable stop-loss positions.
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The market sentiment towards ONDO is weak, and the negative sentiment is particularly obvious. The number of daily active addresses has dropped significantly since July 5, reflecting lower transaction volume and lower user engagement. However, Bitcoin’s bullish trend may offset this negative impact, giving ONDO a more optimistic outlook.
Currently, the Relative Strength Index (RSI) and Chaikin Fund Flow (CMF) indicators are in neutral territory, indicating improving buying pressure and capital inflows, but not enough to drive significant upward momentum. The 12-hour chart shows that ONDO has yet to close above $1, suggesting that the market structure has not yet shifted to a bullish trend.
If ONDO fails to close above $1, it could fall back to the $0.9 demand area, especially if Bitcoin struggles to recover to $60,000 in the short term. Conversely, a breakout above $1 could provide momentum for ONDO bulls to push for a 10% gain, targeting the range high of the descending triangle pattern.
That’s all for today’s article. We are currently in a bull market, and things are turbulent. We share passwords every day.
