July 15 Market Overview:
The Federal Reserve adopts a hawkish stance (not in a hurry to cut interest rates) + whales increasing short positions on ETH + Trump's tariff policy + large BTC transactions, directly causing the market to crash.
Weak rebound, bulls buried, short-term trend is bearish.
Key points:
2950 (ETH) is strong support, may spike but hard to fall deeply;
Tonight's CPI is favorable, may reverse the downturn, but needs to stabilize first in the afternoon;
The overall market remains cautious, a comprehensive bull market is difficult this year, short-term operations need to be wary of spikes.
Today's suggestion is to await the CPI results, and lightly test long positions around 2940.
Altcoins to watch today: $TURBO , $SUI
TURBO: Strong meme attributes, recently resistant to declines, market sentiment warming may lead to a quick rebound, suitable for short-term volatility trading.
SUI: Continuous inflow of funds on-chain, high ecological activity, solid technical support, look for mid-to-short-term opportunities on dips.
Lightly probe, strictly stop-loss, avoid large market fluctuations that could crash altcoins.
In the cryptocurrency world, choice is greater than effort! Follow the right people, making money will come naturally!
