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The Federal Reserve (FRS) will announce the start of rate cuts at the July meeting, and the likelihood of a rate cut in August is gradually increasing. Bitcoin reached a historic maximum of 112,000 dollars but did not continue to rise in the short term; on the contrary, it slowly pulled back again. The last time it reached 119,000 dollars, there was a big dump to 107,000 dollars, with a pullback of 5,000 dollars.
The internal support level of Bitcoin is 110288 (observation), a quite strong support level is at 109288, and the starting point of the big pump this week is around 107388.
In the case of ETH, the fluctuations are quite large, the rise and fall are very sharp. I think it’s better for you to focus on Bitcoin, which is more stable. The support level at 2740 is too aggressive; after two touches, it rose both times to around 2800. Yesterday we held a long position, today we continue to hold it, first we will see if it returns to the channel of the trend line. #BTC # #ETH#