Market

On July 17, BTC continued to trade in a narrow range around $118,000 in recent days, with the dominance rate slipping to 62.2%, and has fallen back more than 3% in the past few days, bringing an upside opportunity for altcoins. ETH performed strongly, the price broke through the previous high, the short-term moving average was in a bullish arrangement, the volume was amplified synchronously, the MACD appeared a golden cross, the momentum strengthened, and the dominance rate returned to 10% after a few months, at 10.7%. Most mainstream altcoins rose, and the market risk appetite increased significantly, or ushered in a structural rotation market. On the macro front, the three major U.S. stock indexes closed higher collectively on July 16, and the price of gold eased slightly to $3,340. Click to view the full article)