July 12

Handsome Shanzhai Research Report

BTC continued to rise yesterday, and the CPI data was in line with expectations. After the data was released, BTC and ETH rose for a short time and began to pull back sharply. The market exceeded expectations and did not develop in the expected direction. The estimated data was favorable for Heyue and a large number of bulls entered the market. The dealer was washing Heyue. The CPI data reached 3%, which was lower than the expected value and significantly lower than the previous value. The inflation of the United States was suppressed, and the expectation of interest rate cuts was improved. The expectation of interest rate cuts in September was increased. The subsequent market is still bullish, and the confidence of traders will recover quickly. Short-term fluctuations can be ignored

ETH's trend is better than BTC, and the adjustment range is not as large as BTC. ETF is expected to pass this week. The speculation expectations are strong. After the macro expectations are enhanced, the ETF benefits will have a more obvious effect. You can continue to build ETH today. The current price is around 3100, waiting for the subsequent ETF benefits. The target price is in the range of 3300-3350

The Shanzhai sector adjusted synchronously with the mainstream, and some currencies fell slightly. Today, you can still build high-quality Shanzhai and wait for the subsequent market to start. You can consider RATS , yesterday's correction was large, and there will be favorable support from SATS in the future. The risk of buying is not high. Pay attention to SATS in the past two months. Buy in batches when the price drops. There will be major benefits in September.

Fundamental news: No important fundamental news today

Primary market information:

RGB++ has started free casting. The activity on the chain has increased recently. RGB++ is also a very good new protocol, which has a good effect on the construction of the BTC ecosystem. Continue to pay attention to this sector. The market continues to be sluggish. Wait for the review of the sector's popularity before taking action

The rune market is still sluggish. Pay attention to high-quality currencies in the rune market and start buying when waiting for the second wash

Intraday mainstream currency support and resistance:

Today's intraday market, BTC's lower support is 56000-56500, and the upper resistance is 58500-59000. ETH's lower support is 3000-3050, and the upper resistance is 3300-3350

Today's intraday cottage wait-and-see, more cottage currency strategies pay attention to the latest community information

Today's greed and panic index: 25 (fear)

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