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7.20 Hang Seng index expected to build a bottom this week
1. The Hang Seng index is expected to form a bottom around the 6328 range this week; the fundamentals of the storage sector have not changed, and no inflection point has appeared. Demand will remain strong over the next two years, and this week will be a good buying opportunity.
BTC has been trading in a narrow range for two weeks. It is expected to continue ranging for another 1–3 weeks before a strong rebound. However, this is only a rebound and it will be difficult to exceed 83,000 again.