BitDemonBrotherMoSai
vip

The Federal Reserve (FED) is expected to announce the start of interest rate cuts at the July meeting, with the probability of a rate cut in August gradually rising. Bitcoin has surged to a historic high of 112,000 USD, but it has not continued to rise in the short-term and is instead slowly pulling back. The last time it reached 119,000 USD, it big dumped to 107,000 USD, with a pullback of 5,000 USD.


The intraday Bitcoin support is 110288 (observe), with a relatively strong support at 109288, and the starting point for this week's big pump is around 107388.
The volatility of ETH is quite large, with sharp rises and falls. I think it’s best to benchmark against Bitcoin, which is more stable. The support at 2740 is too aggressive; after two touches, it rose to around 2800. If you held long positions yesterday, continue to hold today. Let’s observe first whether it will return to the trendline channel. #BTC # ETH
BTC-0.67%
ETH0.14%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)