Crypto Market Shows Mixed Sentiment Amid Ongoing Global Developments

Bitcoin started July on a positive note, reaching $66,000 before failing to sustain its gains and dropping back to around $63,000. This mixed sentiment in the market is attributed to ongoing global macroeconomic and geopolitical developments.

The daily chart of Bitcoin shows that the Relative Strength Index (RSI) is hovering around 50, indicating potential for a positive reversal if buying momentum strengthens. Additionally, the Stochastic Oscillator is in the oversold zone at 21, suggesting fresh buying interest could emerge soon.

Ethereum climbed to a new high of $1,981, but still faces resistance between $2,030 and $2,105. The daily RSI for ETH remains above 56, indicating sustained buying strength, while the Stochastic Oscillator is in the oversold zone at 22, suggesting potential for fresh buying interest.

Solana remained range-bound throughout July but continues to exhibit underlying bullish strength. The daily RSI stands at 45, indicating slowed but intact bullish momentum. Meanwhile, the Stochastic Oscillator has declined to 18, entering the oversold zone, which suggests potential for a short-term price recovery if buying interest returns.