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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Market analysis on July 8th!! The next few coins are expected to have some movement!!
Market BTC:
Originally, the market was in a slight downtrend yesterday, but around 6:30 this morning, there was a sudden surge in the market. In just one hour, Bitcoin rose over 4 points, and after the surge, it was a whole day of sideways movement. This is an old technique of the market makers, nothing to be surprised about.
However, we need to note that this morning's peak for Bitcoin's rise was exactly $6800 (Coin JUN refers to Huobi for market reference), and after reaching $6799 on July 4, Bitcoin encountered a slight pullback. The two values are only 1 dollar apart, which indicates that the $6800 price level is a significant resistance level. It is estimated that breaking through this resistance level quickly in a short period is not easy, and it may continue to fluctuate between $6300 and $6800.
Mainstream coins and altcoins:
ETC: The recent trend of ETC is extremely similar to the trend of WICC in April. When the market falls, it remains stable, and when the market rises, it does not lag behind. The current price of ETC is basically flat compared to its price on May 16, while BTC has dropped nearly 20%, and other coins have fallen even more. It is not difficult to see the strength of ETC recently. No matter how the market moves, if you have already bought ETC, you can hold your position, as there is a large potential for growth in the future.
PAI: After a significant rise in the past two days, PAI's upward momentum still shows no signs of weakening, and its popularity seems to be increasing. We remain optimistic about its future. If you bought at a high point in the past two days, don't panic; it is recommended to hold your position and wait, as the possibility of breaking even in the short term is quite high.
HT: HT is currently in a sideways movement, and there hasn't been much activity in Huobi's voting. If you're considering a long-term investment, it might be a good time to enter, as there is likely to be a significant increase once the voting starts.