718 Market Analysis:

1. Only 53.3 million inflows were received by BTC ETF yesterday.

Logically, we can judge that the main players do not think that the current price is a reasonable buying range, so it can be understood that the low-cutting has basically ended until yesterday.

2. Currently, BTC is unable to break through 65,000.

After many attempts, BTC has not been able to break through 65,000 and encountered resistance. It is certain that it will pull back. It has been rising almost all the way since the lowest 53,000. It is naturally unhealthy without a pullback. Therefore, there will be a pullback in the near future. You can pay attention to the position around 62,500-61,500.

3. ETH ETF is imminent.

The listing approval of ETH ETF has been in the works for some time. This major node time will be accompanied by a wave of rises in the market. If other positive factors can be added, it will be as violent as BTC at the beginning of the year. Market sentiment is high. There is a great possibility that BTC will reach a new high.

4. The trend will pull back in the short term, and it is bullish in the long term.

It is expected that the market will pull back before the end of next week. Including this round, it is expected that there will be another round of deep correction before the rise can basically start. I personally believe that the gold harvest period will start in September with the positive impact of interest rate cuts.