Today's Market Analysis

$BTC Yesterday, the opening price of Bitcoin rebounded from the bottom support to around 105300 before starting to correct. Yesterday, it was also suggested that everyone should short at high positions; if you listened to the advice, you should be waking up smiling today. Chasing after a breakout without surpassing the previous high resistance level will always make you a victim! Although the evening news from the Federal Reserve was bearish, the impact was not significant, and Bitcoin did not break the second support! The key period that will truly determine the bullish return is the interest rate cut expectations in September!

From the one-hour chart, as long as Bitcoin does not break the support at 104377 during the correction, it will rebound again; if it breaks, we will look toward the second support at 103300! The upper resistance is at 105500, and if it cannot break the previous high, it will continue to correct!

$ETH Ethereum, as the leader of altcoins, started to rise slightly yesterday but then began to plummet after the U.S. stock market opened. Altcoins followed closely behind, and it wasn't until the support at 2451 that it began to rebound. It should be noted that Ethereum has broken its current low point, and if it cannot rebound to the previous high, it indicates that the bulls are weak! The rise is just for unloading! It will also continue to correct!

$FUN As a cryptocurrency with casino-like properties, the continuous rise in recent days is expected to hit a new high before starting a major correction! It is advised that everyone plays altcoins rationally and keeps some ammunition to buy at the bottom in July! The big opportunity is not far away!

Intraday focus: JTO BMT RAY