[Today's Market Analysis]
A new month and a new week are about to begin. I wish you all a prosperous second half of the year.
1. The market rebounded
BTC rebounded from 60,000 to 63,000, ETH rose from 3.3K to 3.5K, and altcoins also rose by 5-10%.
Recently, the ETH ecological currency that has been emphasized by everyone has also had a good increase:
ENS rose 27.8% in a single day
SSV rose 12.9% in a single day
UNI rose 7.4% in a single day
The current rebound is not a real trend reversal, so don't chase high prices if it rises.
2. Mentougou incident
It is rumored that the compensation for Mentougou will be made in July.
However, no matter how the compensation for the Mentougou incident is made, it will be a big negative, but it will be subject to the specific details of the compensation, and it will be determined whether the negative is big or small.
3. ETH ETF postponed
Sources indicate that the SEC has returned the S-1 form and requested that the details be revised again. This delayed the launch of the ETH ETF originally scheduled for this week.
However, the new S-1 form will be resubmitted on July 8. Postponement does not mean refusal to launch, so our attitude towards ETH is still optimistic in the long term.
4. There are still data releases worth paying attention to this week
On Thursday, the employment figures will be announced
Expected value: 15.8, previous value: 15.2
If the announced value is less than the expected value, it will be good for the crypto market
On Friday, the non-agricultural figures will be announced
Forecast value: 19, previous value: 27.2
If the announced value is less than the predicted value, it will be good for the crypto market
5. Operational aspects
In the general direction, continue to stay put, because the incident in Mentougou will definitely continue to fall, pay attention to the 6w mark.
$ETH and its ecological currencies ($ENS , $SSV , UNI), it is still worth buying on dips.
