Industry information

On July 9th, according to Cointelegraph Chinese news, Volvo Car Technology Fund announced its investment in blockchain traceability startup Circulor, which had previously used Circulor's traceability solution to track cobalt in batteries. Volvo Chief Procurement Officer Martina Buchhauser said that by supporting Circulor's continued development, the use of blockchain technology in operations can be expanded and contribute to a more sustainable business. In the future, Volvo may also plan to use the Circulor solution to track carbon emissions.

Market review

Yesterday, the currency price closed a Yang K with a solid column, and the bulls were strong. The highest within the day rose to 9470, the lowest price comparison was 9205, and the volatility was 265 points. Looking back at yesterday's trend, there is no problem with the overall callback in July yesterday, and the idea of ​​​​mainly doing more is not a problem. The shock point has been routed from 9250 to 9300, and then to the range of 9350-9400. As of now, the highest currency price is 9467, and the lowest is 9380. The current quotation is 9418USDT.

market analysis

market analysis

On the 4-hour chart, the Bollinger Bands show an upward opening posture, and the price has closed positive for 3 consecutive cycles, and there is still a possibility that it will not move forward and try to move upward. In the short term, the upper side needs to pay attention to the suppression around 9480. On the whole, after the price went up and broke the 9400 position yesterday, the upper space may be opened up. The follow-up price is expected to continue to test upwards. The upper part mainly focuses on the suppression of the two positions of 9450-9500 and 9550-9600. Below, focus on the 9350-9300 position support.

Operating strategy:

2. Call back to the 9300-9350 range to enter long positions, take profit at 9400-9500, and stop loss at 9250;

The strategy is for reference only, the market is changing rapidly, so enter the market and do a good job of risk control