July 8 Market Analysis!! The following coins are likely to make moves soon!!
Market BTC:
Yesterday it was still in a slight downtrend, but around 6:30 AM today, the market suddenly surged. In just one hour, Bitcoin rose over 4 points, and after the surge, it remained flat for the whole day. This is a common tactic used by big players, and there's nothing surprising about it.
However, we need to pay attention to the fact that the highest point of Bitcoin's surge this morning was exactly $6800 (the reference for Coin JUN is Huobi), and on July 4th, Bitcoin's price reached $6799 before encountering a slight pullback. The two are only $1 apart, indicating that the $6800 price level is a significant resistance point. It is estimated that it won't be easy to break through this resistance level quickly in a short time; the market may continue to fluctuate between $6300 and $6800.
Mainstream coins and small coins:
ETC: The recent trend of ETC is extremely similar to the trend of WICC in April. It stabilizes when the market declines and does not lag behind when the market rises. ETC's current price level is basically flat compared to its price on May 16, while BTC has dropped nearly 20%, and other coins have dropped even more. This clearly shows ETC's strength recently; regardless of how the market moves, those who have already bought ETC can hold their positions, as there is considerable upside potential in the future.
PAI: After the significant rise in the past two days, PAI's upward momentum is still strong, and its popularity seems to be increasing. It is still optimistic for the future. Those who bought at high points in the last two days should not panic; it is recommended to continue holding and waiting, as there is a high possibility of a short-term recovery.
HT: HT is currently basically in a sideways state, and there has not been much movement in Huobi's voting. If you are in for the long term, it would be appropriate to enter a position, as the voting is expected to start soon, which may lead to significant surges.
