Good morning ☀ Iron fans check in 👍 like to make a fortune 🍗🍗🌹🌹

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The time has come to the third quarter of 2024, which is the first day of July 2024. In the second half of 2024, Bitcoin started with a breakthrough of $63,000. The biggest factor affecting the market trend in July is the Black Swan Event in Mentougou, as well as the question of whether the Fed will cut interest rates. On the positive side, the approval of the listing time for Ethereum is approaching, so Ethereum and its associated coins will be the hot spots for market speculation. The hot spot for AI track is erupting, and there is also the expected start of the application for Sol Spot ETF. Overall, the cryptocurrency market in July will still be a sensitive month influenced by news. There will be ups and downs in the trend, but the opportunities will be greater than in June. In terms of operation, it is still important to pay attention to the changes in the news!

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Bitcoin broke through the weekend's oscillation range and rose again in the morning. It is currently running near the 62900 level, and the bullish sentiment has slightly warmed up. On the hourly chart, after the market rises and breaks through the high, it will enter a small retracement and consolidation phase. Therefore, today's market is very likely to follow the previous pattern, after breaking through the high, it will inevitably need to retrace and consolidate to gather strength for further upward movement. Looking at the 4-hour chart, the market is in a step-like oscillating upward trend, with the Bollinger Bands in a parallel and open state, the MA three lines are running upward, forming an upward Bollinger channel. The current coin price is running near the middle-upper rail. The MACD lines and KDJ three lines are diverging upward. Overall, the bullish sentiment is dominant, and it is still advisable to maintain a bullish view.

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After a retreat from the 3355 line, Ethereum oscillated and rebounded slowly. In the early morning, it rose to around 3460, and is currently undergoing short-term adjustment and correction. The support at 3420 is pushing the bottom up, and there is still a possibility of testing the range of 3520-3650. Looking at the four small timeframes, the market is showing a stable low-level consolidation trend. For the current short-term trend, in order to achieve a breakthrough and rise, it must first go through a period of oscillation and consolidation to expand the subsequent space. The market does not rise in a straight line, but gradually advances according to the market trend, first oscillating, then consolidating, then short-term retracement, and finally rising again, forming a healthy trend cycle. The current market oscillation is the short-term adjustment stage after the last rise, a natural process of exchanging time for space!