✨2024.7.31 Today's Analysis✨
🕒 Today is the last day of the month. Bitcoin has received three supports at the first support of 66,000 USDT without breaking. With the opening of the new monthly line tomorrow, it is normal to have small fluctuations. Although there are many supports, the volume and indicators below four hours show that the long volume is weak. The long-short ratio of the contract market is still short in the short term, and both long and short parties are currently in a state of anxiety. The interest rate meeting at 2 am on August 1 tonight may trigger short-term violent fluctuations, which needs to be closely watched.
🔹 Bitcoin's volatile trend brings certain opportunities to altcoins, which can be combined with short-term operations.
📉 Intraday resistance and support levels:
Bitcoin: resistance level 68,000 USDT, support level 66,000/63,000 USDT
Ether: resistance level 3,350 USDT, support level 3,200 USDT
🔍 It is recommended to wait until the market is affected by the news before clarifying the short-term trend.
