The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Yesterday, Asia-Pacific stock markets collectively weakened, with a larger decline. European stocks performed poorly. The three major U.S. stock indexes collectively closed down on Monday. The Dow Jones Industrial Average fell 115.98 points, or 0.4%, to 26806.14; while the S&P 500 index fell 0.48%. to 2975.95; the decline in Apple's stock price dragged down the performance of technology stocks. The Nasdaq Composite Index fell 0.78%, and once fell more than 1% during the session, closing at 8098.38 points. An important reason for the collective decline in the stock market is that expectations for interest rate cuts are weakening. We have seen that the cryptocurrency market represented by Bitcoin has rebounded sharply. Looking at the trend of gold, under the strong US dollar, gold has once again fallen under pressure and has not continued. Hitting a new rebound high, will Bitcoin’s rebound last?

July 8, 23:27
, Tether issued a new USDT worth US$100 million to the Ethereum network. At the same time, Grayscale Investment announced that the Grayscale Bitcoin Trust Fund will resume private placement. These phenomena all indicate that incremental funds are entering the market. In the medium to long term, the global manufacturing downturn has seriously dragged down economic growth. The global interest rate cut is imminent. There is no expectation of a sharp decline in the entire cryptocurrency market. Therefore, we It is believed that after the short-term shock, the overall market value of cryptocurrency will continue to rise.

BTC

BTC's sharp rise yesterday caused the 5th and 10th antennas to successfully cross golden, once again forming a bullish arrangement. The macd indicator has not yet formed a golden cross, and the indicators diverged from each other. In addition, the current trading volume does not seem to support the indicator. It will go up directly, so there may be a shock near $12,400. I personally think that after the shock, it will still be a trend of reaching new highs. The short-term pressure position is around $12,400. If the volume breaks through this point, the pressure of $13,990 will be tested. The support below is near $11,800. Below this point, the adjustment cycle will be extended.

ETH

The day before yesterday, ETH closed a key positive line and stood on the middle track of the boll line. However, ETH, as the market's leading variety, is still a bit weak and cannot convince the public. This is not because BTC has taken over and pulled up today. The overall market has recovered. At the daily level, the target has successfully returned to all moving averages, and the moving average system shows signs of re-arrangement. The red column of the macd indicator is also shrinking, and the trading volume is lacking. It may fluctuate upward to test $320. Pressure level, observe whether the trading volume can cooperate at this point. If the volume can exceed $320, the target will re-test the pressure of the high point of $366.

XRP

We have always believed that this target will have a good increase, but the current trend is still very weak. Although the positive line has been closed continuously, we have seen no signs of amplification of trading volume. Such trading volume cannot bring big gains. The Yang line can only fluctuate with the market, and it needs to continue to fluctuate and gain momentum in the short term. I personally think that as long as it does not fall below the lower track support of the triangle arrangement, if it goes up again, it may break through the upper track position of the triangle and hit a new rebound high. Once this trend comes out, the target will start to make up for the increase. If it falls below $0.36, the call will be invalid, and the position will be cleared and waited.

BNB

BNB still maintains sideways fluctuations and has always been an independent trend. The current trading volume has also shrunk to the recent land volume. There has not yet been a clear direction choice. It should be soon. The current trend of the target can be up or down. Let’s see next In which direction did the main force break through? What should be noted here is that if it is a downward breakthrough, it may use the long-term Yin habit to break through the support of 30 US dollars. If it falls below 30 US dollars, a large-scale adjustment will begin. Pay attention to the risk. If it goes upward, Personally, I think it should run along the channel line.

The author's opinions are only for learning and communication, and do not serve as investment recommendations and do not constitute investment basis!