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The BTC conference has started, and BTC has started to plummet. However, upon careful analysis, first of all, the recent transfer of coins by Mt. Gox and the sharp drop in the US stock market did not stop the BTC pump. Could it be that the market is anticipating the BTC conference, and then it starts to fall after the conference starts? Because the time of the initial decline is right at the beginning of the meeting, so the decline has nothing to do with the reaction to Trump's speech, but because the meeting has started, the impact of this Favourable Information is obviously smaller than the impact caused by the Mt. Gox coin transfer and the sharp drop in the US stock market. Since it can withstand such Unfavourable Information, it is highly likely that it will hit bottom and rebound during the day.


BTC market rebounded from the level of 69400 since last night's pump, and the price once again fell after a round of testing at 66650, then rebounded again, and the price returned to the 69100 level. The midnight market was influenced by the BTC conference, with a fluctuation of more than two thousand points, after which, from the structural trend, BTC rose after continued oscillation, daily candlestick showed consecutive positive trends and reclaimed the previous decline. The market trend is to explore the bottom and rise, Candlestick formed three consecutive positive trends after a long Bearish line, and short-term once again broke through the recent high point. However, the process is relatively volatile, with continuous surges and dips, back and forth testing. Therefore, there is a certain degree of uncertainty in the momentum of the pump. In this case of market pressure performance, it is still important to focus on the pressure test and competition at 69500-70000, providing a certain level of pullback and repair after each surge, and then surging again after accumulating strength. Therefore, the operational mindset is still to regard the current rebound as a pressure testing process after the decline. If the rebound does not continue, short at the high level, and participate in long opportunities in the market after determining the strength of the pullback.


ETH fluctuated yesterday, touching the 3325 level during the day, but did not stabilize and began to retrace. The lowest Long Wick Candle bottomed at 3188 and started to rebound, reaching the 3295 level before falling back. The current intraday pattern is still in the process of retracement. With the support of ETF, ETH has not shown a strong trend recently. In the short term, the upper pressure is at 3350-3380, with support in the 3220-3180 range. The price is likely to be in a bottoming oscillation for a long time in order to form a strong trend. Short-term operations should focus on range-bound trading, and breakthroughs should be followed with trend progression.
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RoseAfterTheRainvip
· 2024-07-28 23:32
666
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NewNamevip
· 2024-07-28 07:32
Thank you for information!
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RyoSaebavip
· 2024-07-28 06:34
Thank you for this analysis
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Once-TheMostBeautifuvip
· 2024-07-28 01:14
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GateUser-09237f10vip
· 2024-07-28 01:07
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YufuYuuo1vip
· 2024-07-28 00:38
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CAICAI888vip
· 2024-07-28 00:26
666
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ClearTeaBrewedWinevip
· 2024-07-28 00:20
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SuckersAreEnteringTheMarket.vip
· 2024-07-28 00:19
Good morning
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Slavynavip
· 2024-07-28 00:18
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