🐳 Market overview on July 26 There is nothing more special than the fact that BTC is running alone on the price line, in addition, BTC decreased by 2% and ETH decreased by 7%. Altcoin hasn't caught up yet because he dances too enthusiastically. That's a short summary of the past 24 hours :))) 📌 24-hour price movements: 📌 Strongest increase/decrease: - $CPV (+109.13%) - $IRIS (+42.59%) - $HARD (+22.82%) - $SAGA ( -14.21%) - $BNX (-11.18%) - $REZ (-10.72%) 📌 Outstanding cash flows on Binance: - Memecoin: $PEPE, $WIF , $BOME - Layer 1/Layer 2: $SOL, $NEAR, $XRP
Please note that tonight will be the SEC's approval date for ETH ETF SPOT. Be careful with your Long and Short positions to avoid having your orders scanned. Do you still remember the day#BTCETF was approved without price pushing to the 48k area and then plummeting to the 38k area. But alts coins such as#SOLdid not decrease much but even peaked at $220. #ETH, after losing 500 in price, then reached a peak of 4k. Right now I'm watching#BTCwill probably adjust to somewhere around 58k, then it will increase sharply to break ATH. -Today's view, for the time being, I'm not in a hurry to get a Future order, but instead, prepare to DIP alis coin. -Personal opinion.
SEC Announces ETH ETF May Start Trading Next Tuesday: According to sources, ETH exchange-traded fund issuers have been notified by the SEC that the funds can begin trading on July 23. — The SEC had no further comment on the recently filed S-1s and final versions need to be filed by Wednesday. — ETH outperformed BTC on Monday on news of possible ETF trading approval. — Potential issuers of spot ether exchange-traded funds (ETFs) were notified by the Securities and Exchange Commission (SEC) on Monday that the funds could begin trading on next Tuesday. What do you think, will Sec cause trouble for ETH ETF before next Tuesday? The market is also gaining fomo. In particular, ETH has had a pretty good increase in the past week
Today the greed and fear index increased to 65, which means it is in the greed zone when BTC closes to 65000$ and if BTC continues to recover to the 70000$ zone, it is likely that the greed and fear index will continue to reach the greed zone of 80. , the area where adjustments often occur. The sad thing here is that people only like the green color of the market but forget that the current green altcoin is still divided into 3, 4, 5, BTC so a return to the 70000$ area may indicate greed and fear. rising back to 80, the market is likely to adjust correction and altcoins continued to decline. The psychology of the vast majority of investors is always afraid of losing opportunities. When they see green, they rush to buy, while when it's red, they fear even more red and don't dare to buy. I have written many articles about when the best time to buy is to have accumulation and the price move sideways for at least 1 to 3 months before you should buy. The difficulty of investing is waiting patiently and especially More specifically, patience and waiting are the keys to success in financial investing. Note: this is a personal opinion for reference only
#BTC☀ finds resistance at $64k to $65k and the move remains constructive, after which a major test is likely at the $60k backtest. The move is similar to what happened in May 🚀 But this may not be necessary. BTC could directly return to the 67k to 69k level and then return to retest the 64k to 65k level. Anything can happen now, so avoid future transactions until there is proper confirmation. Personal opinion. If you have anything to discuss, please comment below for further reference.