BTC continued to consolidate yesterday, and rose slightly this morning, touching the upper track of the channel, with a slight increase in volume. Pay attention to the breakthrough of the descending channel. If it can stand above 60,300 during the day, it is expected to continue to rise. The interest rate cut is about to begin, and caution is needed at this stage. There is a high possibility of falling first and then rising on the eve of the interest rate cut cycle and in January and February. This is the case for every round of interest rate cuts, but the big cycle is absolutely positive, and patience is needed. The expectation of a 50 basis point interest rate cut in September has declined, and the expectation of the big cycle has not changed. The bull market expectation is still built on
ETH followed BTC in synchronous consolidation, with a slight increase. There was a slight increase in volume in the early morning of yesterday, and no obvious decline was seen. The support below is good. ETH's on-chain GAS has fallen to a new low in 5 years. The on-chain environment is sluggish and has approached the bottom line. You can consider following up and building a collection and keep holding. A new round of rising cycle is not far away
The cottage sector has a slight outbreak, and some cottages have a higher increase. Recently, it is still You can pay attention to SATS, and buy in batches when the price drops. There will be major benefits in September. PEOPLE can also be a key currency to focus on. Build a collection when the price drops, and wait for good expectations before the November election. CKB can be adjusted to replenish the collection, waiting for subsequent benefits. Pay attention to the rotation of the cottage sector recently. You can consider short-term strategies and pay attention to the latest fundamental information in a timely manner.
Fundamental news: None
Primary market information:
RGB++ has started free casting. The recent on-chain activity has increased. RGB++ is also a very good new protocol, which has a good effect on the construction of the BTC ecosystem. Continue to pay attention to this sector. There are new benefits in the RGB++ sector recently, and new models are about to appear. You can strengthen your attention and don’t miss the early opportunity.
The rune market is still sluggish. Pay attention to high-quality currencies in the rune market and start buying when waiting for the second wash.
Unisat’s latest second-layer protocol Fractal Bitcoin officially launched the test network and is expected to be launched on the main network in September. The sharp rise in SATS is directly related to Fractal Bitcoin
Intraday mainstream currency support and resistance:
Today's intraday market, BTC's lower support is 59800-60300, and the upper resistance is 61300-61800. ETH's lower support is 2570-2620, and the upper resistance is 2720-2770
Today's Greed and Fear Index: 30 (Fear)