The market sentiment is mixed. Let’s look at most interesting movements on the market today.
Crypto goes up
The bullish optimism in the crypto market continues. At the moment, Bitcoin is testing the resistance at $8,730. A successful break of this level will help bulls to test the next resistance at $9,075. However, according to oscillators, the bullish pressure is at risk. RSI has entered the overbought zone. At the same time, there is a bearish divergence with the Awesome oscillator and volumes. It may signal a possible reversal. The return of the bearish pressure will pull the digital asset back to the support at $8,246.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.