7.24 Lao Leek Talks About Coins

Market Review and Analysis

BTC fell below 66,000 points in the early morning. Yesterday night, a post clearly stated that it would fall below 66,000 in the early morning. The ETF speculation on ETH yesterday was not a one-day or two-day thing. On the contrary, ETH did not meet everyone's expectations. Before 9:30, it did not touch the resistance position near 3560. After that, the market fell. Relatively speaking, the current decline of BTC and ETH is not very large, but only a small decline. However, the recent decline of the altcoin is relatively large. In the past few days, I have been reminding that the altcoin will run if there is profit. This round of market is a solo flight of the big cake. The two cakes have not risen much, and the altcoin has not rebounded much. However, the big cake and the two cakes fell slightly, and the altcoin fell like a dog. The market is not very optimistic. Personally, I expect that the desired bottom will appear in September, so I will continue to adjust my bearish view and wait and see.

Today's highlights

BTC fell below the 66,000-point line yesterday. During the day, it fell to 66,000 points and rebounded many times at the intraday level. After the daily line closed, it finally fell below the 66,000 point line in the early morning, and the lowest point was 65,500. However, this position is not a support point. The support point at the intraday level is the 64,000-64,600 range. This week, we are looking at a big correction. The focus of this week is the 62,000-63,000 range. Today, the resistance position of the day is around 66,500. Today, we can directly look at the retracement and support.

ETH was not very strong when the market rebounded yesterday. The 3560 line was not reached. The highest point of 3550 began to fall. The lowest point was around 3380, which was also a support point that was clearly seen yesterday. The support position of the intraday level today is the 3380-3360 range. After breaking it, it will directly look at the 3200-3250 range. ETH is still in a weak stage. The analysis of the market highlights of ETH in yesterday's video is quite thorough. For objective highlights, you can go and see the video posted on Weibo yesterday.