[Overnight, 1.8 billion CNY were wiped out to zero, 62471 people went bankrupt, and longs continue to be squeezed!]
BTC market analysis at 9:10 am on July 25, 2024.
After reaching a high of 67087 last night, it started to retrace. In the early morning, there was no effective pullback, and the trend was disrupted. At this moment, BTC is heading towards the 62600 level, with the 64300 level forming a key point. If it falls below, there is still room for further decline. Stability and oscillation are needed!
BTCfollow
support63500/62600
Pressure 66300
With the support and resistance swap, the gray-scale ETH sell-off, and the stimulus of the Sword of Damocles in Mentougou, as well as the profit chips fleeing one after another at the European and American stock markets that have risen for a year and a half due to the rate cut of the Americans, they have become the fuse of the market capital outflow after TSL's performance fell significantly below analysts' expectations. The rate cut does not mean an immediate rise, so don't expect a "flood" to flow into the market as soon as the rate is cut. This all takes time, and Market Makers want to enter with capital and also want to get cheaper chips. They will definitely not rush into the market like retail investors at market price!
The market this week is experiencing a larger Fluctuation than last week, this has been mentioned for several days in a row. Take a look at yourself to see if you are a high-risk player. If you cannot afford losses, then don't trade contracts this week.
A suggestion: recently, I found that many players like to stay up late to trade, which I cannot understand. Because the three major trading time points during the day are said to be the most opportune moments: 5:00-7:00 for the morning trading session, 12:30-13:30 for the lunch trading session, and 18:30-19:45 for the dinner trading session. These are the time periods when opportunities are most likely to arise in the daily market, coinciding with the resonance of Market Makers in the US-Asia, Europe-Asia, and Europe-America-Asia regions. Combine this with indicator signals to decide whether to take action or not. 1:00 am is a watershed moment. Do what we need to do during the day, and sleep well at night. Don't always think about pulling teeth from Americans. Early morning is the period when Americans like to cause trouble the most!
Operation suggestion: This round of pullback can only be said to have given Spot a chance. Most altcoins have pulled back to the position of 9-14th. You can wait for a consolidation wave, wait for the stabilization signal to come out, and start laying out the next wave in batches!
#BTC#
#ETH ETF上市后，预测ETH价格走势#