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‼July 23 ‼
BTC Market Analysis + Today's Crypto News
1. U.S. stock market trend:
--Last night there was a movement along the downward daily trendline. Pay attention to whether it breaks tonight. If the daily trendline breaks, observe how BTC performs.
2. #BTC Virtual Asset:
--Minor fluctuations and adjustments: Focus on maintaining long positions as long as the 12-hour trend line holds. The small cycle is currently undergoing an adjustment in the 4-hour level's wave 2; if it does not break below the 12-hour trend line, it is expected to challenge the high point near 123000 again.
3. #PopularityETH:
--1-hour level adjustment phase C segment downward, support around 3550, with support up and down 50 dollars.
4. Key support level for #BTC currently:
• Continuously bullish as long as the short-term position around 117800 does not break below 500 dollars.
Current core interval reference:
• If the 4-hour turns bearish, support is near 115500.
• Upper pressure: around 123000 remains unchanged, update promptly if market changes.
Pay attention to whether the 12-hour trend line is effectively supported as a turning point for long and short positions.