Bitcoin (BTC) fell 4.07% in 24 hours, once again below the 20000 mark, for yesterday Monday so light market speaking, it is not easy, the recent BTC firm 20000 above also just 4 days ago, the highest reached 22580 near, then cut in half, illustrate a point, short-term long "revival" is just an illusion, Long-term attention to my or offline tracking friends should know that the long - term continue to maintain a bearish view is still unchanged.
That view has not changed since Last October. Offline trading in the main ethereum (ETH), light trading yesterday, until 9 o 'clock in the evening, the market came out, short-term shock up to near 1160, it accelerated the formation of a reversal of the trend, strong fall hit gold separation line 0.236, which is near 1120 and the support position.
From last week's trend is not difficult to see, the price of a firm line after the upper rail, side a short line out of a wave of anti-pumping, just hit the gold line 0.382 suppression go back down, that is, 1280 resistance area, and the early trend in 1280 had many conversion, so the strength of 1280 resistance is obvious, And continued to fall after the shock gradually formed a weak market, ETH broke gold separation line 0.236 support in the morning, that is, in 1120, all trend trading should be the premise of the big trend, remember, single K line to K line combination, K line combination to obey the form, the form to obey the trend, small trend to obey the big trend.
Ethereum (ETH) will continue its downward trend to hit the bottom range in early July, so 1110-1080 is bearish, the target is 1050-30, which is also a bullish point, so 1050-30 still needs to see if it can break, otherwise the bulls will form a rebound trend here.
The fed to raise interest rates 75 basis points since June, after the whole market bearish sentiment is strong, and in July 28 will raise interest rates, and approaches, and are expected to be 50-75 points to raise interest rates again, leading a striking lack of confidence about future market, big bad mood, so short cycle market present bounced back almost no signal, and the spread of short continues, So such a market in the absence of continuous unilateral rise down the case, more suitable for trading.