July 20/Ethereum spot ETF is approaching, sharp drop is an opportunity
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The highest point of Bitcoin's rebound on July 19 was 67,300, which coincides with the pressure point of 67,500 in yesterday's article.
Bitcoin's lowest point on July 18 was 63,200, which is consistent with yesterday's article's 63,100.
The highest point of Bitcoin's rebound on July 17 was 66,000, which coincides with the pressure point of 66,000 in yesterday's article.
The highest point of Bitcoin's rebound on July 16, 63,300, is far from the pressure point of 66,000 in yesterday's article.
Bitcoin consolidated around 67,000 on July 20.
The ratio of long and short positions of Bitcoin is consolidating around 1, indicating that the market is still betting on the highest point of Bitcoin's rebound. The selling pressure of Bitcoin spot and the contradiction of forced short positions in contracts are repeatedly tossed. The ideal situation is that if the positive stimulus of Ethereum spot ETF trading is at the end of the month, Bitcoin will quickly sprint to 73,000, and then fall all the way.