GMT20140707 14:20 Trend Analysis of Democurrency

Bitcoin:

Some selling those couldn't hold on pour out of market. Bitcoin price stays at $610 and will move sideways for some days. Then it will drop down again. It’s very probable to drop down to $580.

Market trend is going as what I has said, please  read details in previous days trend analysis, and I don’t repeat again.

Altcoin:

Altcoins Index 1 is 4.76, up 3.9%. Altcoin Index 2 is 1.97, down 2.7%.

Somebodies still toss about LTC today. If so their coins will become more. The bear market principle is simple: from here to $63 every are scattered locked chips. When price is pushed high, the locked chips will be more than shipments. So either push price high to $63, or stop tossing.

This situation just reflects that market makers trying to sell coins at this price. So bear market is going on and price will be lower.