Market Analysis

Bitcoin rose today because of the approval of Ethereum ETF, Tether's additional issuance of 1 billion USDT and whales' increased holdings.

Future Trends

The rebound in July indicates that a big market is coming, and I am optimistic about the trend in the next 3-6 months. But I think there will be a decline before the rise, and there is a high probability that it will bottom out again after the rebound, and the time will not exceed one week.

Operational Suggestions

The long-term contract party should pay attention to the risks, and the spot party should build positions in batches from mid-July to early August. The selling pressure in Mentougou is the biggest problem, and the interest rate cut and the general election are expected support. Seize the opportunity in the short term, the rebound may last for three or four days, and you must evacuate before the collapse. If you still can't see the trend of the market, it is recommended to follow me first, V--Exchange--Flow+: wbe3_BTC to learn about the currency circle and lay a solid foundation to go further.