Crypto News
July 2nd Hot Topics:
1. Polkadot Treasury allocated 87 million USD in the first half of the year, which can sustain for about 2 years.
2. SEC has confirmed receiving the application for Ethereum and Bitcoin dual ETF submitted by Hashdex.
3. Collective lawsuit against GameStop trader "Roaring Kitty" was withdrawn a few days after submission.
4. US listed company Kronos Advanced Technologies added SHIB as a payment method.
5. Pendle's Total Value Locked (TVL) decreased by 40% in the past week.
Trading Insights
I can't stand it anymore!! Is the bull market over? Can we short now? What stage of the bull market are we currently in? Will there be a season of altcoins in the future? Ultimately, it's because everyone lacks information about the future market and cannot predict future trading expectations. This article mainly discusses two aspects: 1. Whether the current macroeconomic conditions support the conditions for a future bull market. 2. What stage the market is currently in and where the trading expectations are. I know that it's easy to gain followers and cater to traffic by promoting fear, uncertainty, and doubt, and inducing FOMO and anxiety relief. But the purpose of writing on Twitter is very simple from start to finish. I gather and distinguish information through extensive reading every day, which leads to a lot of thinking. If thoughts at different stages and in real time cannot form a structured and continuous entity, it is easy to cause confusion, which will affect the coherence of the subsequent trading system or lead to misjudgment.
LIFE IS LIKE A JOURNEY ▲
Below are the real-time group orders from the Da Bai community this week. Congratulations to the friends who followed. If your operation is not smooth, you can come and try it out.
The data is real, and each order has a screenshot taken at that time.
Search for the public account: Da Bai Lun Bi
BTC
Analysis
The daily structure of Bitcoin tends to be volatile. Yesterday's highest point was around 63800, and it closed near the opening line. The support below is near the MA7 moving average line. If there is a subsequent pullback, positions can be established near this level. The MACD has formed a golden cross. The four-hour structure continues to oscillate. The support below is near the MA60 moving average line. Positions can be established on a pullback. The resistance above is near the MA7 moving average line. The MACD is shrinking in a bullish trend. Short-term buying can be done near 62000, and the rebound target can be around 62750-63150.
ETH
Analysis
The daily structure of Ethereum tends to be volatile. Yesterday's highest point was around 63800, and it closed near the opening line. The support below is near the MA7 moving average line. If there is a subsequent pullback, positions can be established near this level. The MACD has formed a golden cross. The four-hour structure continues to oscillate. The support below is near the MA60 moving average line. Positions can be established on a pullback. The resistance above is near the MA7 moving average line. The MACD is shrinking in a bullish trend. Short-term buying can be done near 62000, and the rebound target can be around 62750-63150.
Disclaimer: The above content is for personal opinions only and is for reference only! It does not constitute specific operational advice, nor does it bear legal responsibility. The market situation changes rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to consult.
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