After Bitcoin fell to US$63,230 yesterday, it began a strong rally in the evening. It once exceeded 67,000 US dollars at around 3 o'clock this morning (20) and reached US$67,395, hitting its highest point in a month.
At the time of writing, there has been a correction and it is now trading at US$66,512. The increase in the past 24 hours has narrowed to 4.45%.
Where is the BTC pressure level?
According to Fibonacci retracement, the next pressure level (0.786) after Bitcoin breaks through 0.618 is about $68,000. In addition, this level is also the upper edge of the transaction-intensive area. If there is a significant decline after hitting this price, That could lead to another pullback to accumulate more strength.
Although the trend of Ethereum is close to that of Bitcoin, with a maximum of US$3,540 in the morning, the overall increase is weak. It is currently trading at US$3,486 at the time of writing, up 2.14% in the past 24 hours.
Top 10 Token Performance
Other top ten tokens also rose simultaneously, with the largest increase being SOL, which rose 7.36% in the past 24 hours and once exceeded $170. BNB, XRP, and DOGE also experienced increases of 3 to 5% respectively.
The entire network liquidated over US$165 million in the past 24 hours
According to Coinglass data , in the past 24 hours, the amount of cryptocurrency liquidation across the entire network exceeded US$165 million, and nearly 43,000 people were liquidated (short positions accounted for US$102 million).
Ethereum spot ETF to be listed next week?
An event that may cause greater fluctuations in the market in recent days is the increasingly obvious signs that the Ethereum spot ETF will be officially listed on July 23. Currently, the official website of the Chicago Board Options Exchange (Cboe) has shown that a total of 5 Ethereum spot ETFs have been added: VanEck, Invesco, Fidelity, 21Shares, and Franklin Templeton, and they are expected to be open for trading on July 23.
Although analysts previously believed that it would not bring as much new funds and attention as the passage of the Bitcoin spot ETF, it is still a positive event worthy of attention.
