The inverted hammer line closed in July, combined with the K line in June to close the negative harami line (bearish). The highest point for 4 consecutive months was around 31,000, and the probability of testing 28,000 increased.
Flatbread
Bullish conditions:
1. The August line pin must be withdrawn above 28,000
2. Return to the 29500 box and maintain the vibration inside the box
3. The weekly rising trend line cannot fall below
Reasons to be bearish:
1. Potential M-head pattern on weekly chart
2. The weekly MACD divergence is serious
3. OBV continues to outflow and falls below the yellow line
News:
1. The interest rate has risen to between 5.25% and 5.5%, the highest level since 2001. This is the 11th interest rate hike in this round, and the cumulative increase has reached 525 basis points.
2. On August 13, 21SHSRES and ARK will cooperate to apply for spot ETF, and the SEC will give the earliest reply if it is approved or postponed.
3. After falling to 99, the U.S. dollar returned to 101, rebounding strongly.
4. High inflation caused small countries such as Lebanon to declare bankruptcy following Sri Lanka.
For 4, the short-term trend formed a small box with support at 29033 and pressure at 29571, with a maximum fluctuation of 500 points. The bulls must stand back in the large box and stabilize at 30500, which is obviously not reached at present.
ether
The closing cross star in July has been a cross star for 4 consecutive months. After a rebound for 7 months, it could not recover the first big negative line in June 2022. The MACD underwater cross has not been formed. The risk of weekly K-bar piercing the middle track of BOLL has increased. The daily rising channel has fallen back, and the risk of falling to the bottom of the box has increased to 1800 support.$BTC $ETH $BNB #荣耀时刻 #BinanceTournament 
