Good morning ☀ Iron powder check-in 👍 Like and make a fortune 🍗🍗🌹🌹

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When everyone thinks there's no chance in the crypto world, that's the opportunity! In the second half of the year, there will be the listing of Ether ETF, the presidential election, and the Fed rate cut. The previous dot matrix has already indicated that, even if the data is poor this year, the Fed will at least cut interest rates once. Looking back at the bull market, no bull market has ended before the rate cut. Generally, it's after the rate cut that the bull market reaches its climax and ends perfectly. The truth is simple, the market never lacks opportunities, timing is everything, and choice is greater than effort! If the direction is wrong, effort is in vain. There's no need for grand words, as long as you work solidly, strength is more important than fancy language.

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Overnight, the three major U.S. stock indexes rose slightly, with the S&P 500 up 0.25%, the Dow up 0.15%, and the Nasdaq up 0.03%. Among them, the Nasdaq and S&P 500 continued to hit new highs, with the Nasdaq hitting a new closing high for seven consecutive trading days. Most large tech stocks fell, with Tesla, Google, Meta, and Intel down more than 1%, and Microsoft and Amazon down slightly; Netflix rose more than 1%; Nvidia rose more than 3%, hitting a new high again, with a total market capitalization of $3.34 trillion, surpassing Apple and Microsoft, becoming the stock with the highest market capitalization in the world. After yesterday's big dump, the encryption market has temporarily stabilized, but alts are overall slumping by 50%, and Pepe has seen whales losing money and selling off!

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Yesterday, Bitcoin first tested the pressure of 67200 in the early morning, and then experienced a downward probe, continuing until it broke the 65000 mark in the early morning. It then rebounded, oscillated in a small range in the afternoon for a period of time, and then probed lower again in the evening, breaking the small support of 64500, and finally reaching 64055 to stop the decline and rebound. The price of the coin continued to hit new lows, with the shorts continuing to increase their volume. After breaking through to the downside, it has been in a low-range oscillation. The rebound of the longs is even weaker, and the market is in an extremely weak environment. The overall trend is still weak, although the rebound during this period does not seem weak, it still cannot directly break the previous high. The trend structure has not been able to form a direct change. Even with such a long lower wick on the daily chart, it can still break through the bottom again, indicating that the short trend is strong. It is still bearish at the moment, and the operation is mainly shorting at high positions until a clear reversal signal appears.
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