7.30 Market Analysis:
The market has been stagnant for nearly half a month, with ETH's daily MACD showing a death cross, entering a bullish adjustment phase. In the short term, BTC is focusing on resistance levels of 118-119, with support at 115.5-116.5. If it drops below 116, be cautious of a pullback to 113-114; for ETH, short-term resistance is seen at 3820-3880, with support at 3600-3660, and a break may lead to a drop to 3500.
Altcoins are losing faith as they keep falling; it's not accurate to say it's a bull market, we can only say there are no retail investors left. Today, the storm has left me unrecognizable, and my morning report has turned into an afternoon report 😂
Market Highlights:
1. Today marks the 10th anniversary of Ethereum! From $0.3 to $3800, it has risen to become the 28th largest asset globally, with an official NFT commemorative coin available for free minting.
2. After yesterday's pullback, leading $ETH reserve concept stocks BMNR and SBET fell over 8%, and crypto concept stocks are adjusting across the board, with a subtle shift in sentiment between bulls and bears.
3. BTCS plans to raise $2 billion to buy ETH, Turkey's Martı is allocating 20% of its cash into BTC, Kraken is preparing for financing, and the Argo mining company is on the verge of being delisted…
Market news is coming in one after another; is the market brewing something? Let’s wait and see.
