7.30 morning session

Ethereum has tested the 3750 level twice, and it is evident that the rebound during the night is weaker than the one in the morning. According to the indicators, the first death cross has formed on the daily MACD for Ethereum. Logically, Ethereum should be undergoing a daily-level correction, but it is currently still holding up at 3750 with a slow rise.
From a time perspective, it is indeed very easy to see a drop of hundreds of points in August in previous years; from the indicators, Ethereum's daily chart shows a death cross; from the news perspective, the expectation for interest rate cuts this month is likely to remain unchanged, coupled with the end of the 8.1 tariff suspension for the U.S. and other flashy things like Ethereum's tenth anniversary to lure retail investors, I feel like all the buffs for a market crash are stacking up 😂
My reasons for opening a long position in altcoins: Although the current market is highly uncertain or likely to crash, I personally believe that this is not a reason to avoid altcoins. No matter how high the probability of a downturn, the judgment before it happens is subjective, it's all predictions and guesses. If the guess is correct and a downturn occurs, then entering a long position at the support level to either break even or take a small loss would be fine. However, if news suddenly comes out in this situation and the market rallies, wouldn't the opportunity for positioning also fly away, leaving only the option to chase the highs? I generally focus more on structural points rather than indicators; structure is more important than indicators. Indicators have lagging effects and can change direction unexpectedly, while structure always expresses market trends in the most direct and fastest way. Therefore, I still insist on taking action based on the position; when I reach a support level, I enter a long position.
Recently, the news impact has been very significant, with the interest rate announcement on July 31, unemployment claims, and monetary policy meetings; August 1 will see the non-farm payrolls and the end of the tariff suspension period, etc. Regardless, those with long positions should either keep a close eye on the market or set good stop losses, so as not to get caught at the peak of the mountain and end up enjoying the breeze there 😂.
‍#以太坊重返3800 #七月行情预测 #内容挖矿，赚丰厚返佣 #KOL星火计划破千 #Gate ETH十周年回馈