July 8 Market Analysis!! The following coins are likely to have movements soon!!
Market BTC:
Yesterday it was still in a slight downward trend, but around 6:30 AM today, the market suddenly surged. In just one hour, Bitcoin rose by over 4 points, and after the surge, it remained flat for the entire day. This is a common tactic used by market makers, and there's nothing surprising about it.
However, we need to note that this morning, the highest point of Bitcoin's surge was exactly $6,800 (Coin JUN's reference is Huobi), and on July 4, Bitcoin's price reached $6,799 before encountering a slight pullback. The two prices differ by only $1, indicating that $6,800 is a significant resistance level. It may not be easy to quickly break through this resistance in a short time, and it may continue to fluctuate between $6,300 and $6,800.
Mainstream coins and smaller coins:
ETC: The recent trend of ETC is extremely similar to that of WICC in April. It stabilizes when the market declines and does not lag behind when the market rises. The current price of ETC is basically flat compared to its price on May 16, while BTC has dropped nearly 20%, and other coins have dropped even more. This demonstrates ETC's recent strength. Regardless of how the market moves, for those who have already bought ETC, holding is advisable, as there is considerable upside potential in the future.
PAI: After a significant increase in the past couple of days, PAI's upward momentum still shows no signs of weakening, and its popularity seems to be increasing. The outlook remains positive for the future. For those who bought in at high prices in the past couple of days, there's no need to panic; it is recommended to continue holding and wait, as the likelihood of breaking even in a short time is quite high.
HT: HT is currently in a flat trading state, and there hasn't been much movement in Huobi's voting. For long-term investors, it may be a good entry point, and once the voting starts, there is likely to be significant upward movement.
