$BTC $ETH $SOL
Market Analysis:
The Great Beautiful Bill narrowly passed with 2 votes, with Vance playing a key role in saving the day! Is the BTC 109 coffin board precarious? The weekly close is only 5 days away from July 5th!
Continuing from last week's market analysis:
The repeatedly mentioned 109 should be the destination for BTC's rise, making a final push with the Great Beautiful Bill?
Is there a possibility of hitting 110,000 again? Or even a new high?
Looking at the pattern: Currently, the top of the bull flag is 109, and the pattern is still worth respecting; if it doesn't break through, we won't look bullish! If it breaks through and creates a new high, the daily divergence makes it look even less bullish.
Looking at the signals: Both the 2-4 hour charts are starting to show divergences; at least tonight, as long as there is no strong breakthrough, this short-term divergence should be difficult to break!
Looking at the cycles: It is getting close to the countdown since the beginning of this month, so the current timestamp is not quite right.
Looking at the narrative: The Great Beautiful Bill has passed, with 4 core points: 1. Reduce major taxes, increase minor taxes; 2. Lower living support expenses and energy usage costs; 3. Increase national defense and military costs; 4. Raise the debt ceiling. In summary, more money is needed, or currently, there is no intention to repay, so this bill does not have a direct impact on the cryptocurrency circle!
Regarding Lord Guan, the daily chart shows a golden cross has opened, but the morning's volume has not broken through the previous volume of 2520, yet it has indeed broken through the central level of 2460. If it doesn't break 2520 in the second attack, let's observe for a while. Let's see if the daily chart is truly a golden cross or just a continuation of the downward trend!
Brother Zhang San: This guy is quite bad, silently rising more than 10 points from 137, the fastest among the three brothers, but based on this period's performance, he is likely to be the one who runs the fastest.
In general: As we approach the first week of the month, be prepared for both ends of the market. If a week of decline starts, in the short to medium term, the cost-effectiveness of laying out short positions at this time is much better than last week. I believe the monkey market is not over yet. This position is only recommended for 5-7 days. If it can break out quickly, then it's time to start entering long positions.
This content is purely personal experience; please consider it accordingly and control it within your own risk tolerance!!!