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In July, it is mainly weak and volatile at low levels, difficult to have a unilateral surge, rebounds are just repairs, overall weaker than Bitcoin, with large fluctuations.
Key Levels
- Support: 1550 short-term defense, 1500 strong bottom line; if broken, directly fall to around 1400
- Resistance: 1600 first hurdle, 1650-1700 heavy pressure zone, standing above 1700 counts as short-term turning strong
Summary: Bottom grinding oscillation in July, limited rebound height, 1500 is the lifeline, do not look bullish before a volume breakthrough above 1700.