The Bitcoin Conference has begun. How will Trump stir up the situation?

The 2024 Bitcoin Conference was held in Nashville, Tennessee, USA. According to Beijing time, the conference started at 8:00 am on July 26 and ended at 8:00 am on July 28. Trump's speech was scheduled for the last day of the conference, July 28, 2024, at 3:00 am Beijing time.

What was mainly talked about on the first day? Actually, there was nothing much. Some congressmen were bragging and pumping blood. Bitcoin will surpass gold and reach 13 million US dollars in 2045. They worked hard to promote Bitcoin legislation. Candidate Kennedy Jr. made some bold promises. If he becomes the next US leader, he will transfer about 200,000 BTC currently held by the US government to the US Treasury as a strategic reserve asset. So BTC rose all day yesterday, and even short-term signals suggested that it would fall. Buying was also strengthened by these chicken blood, which pulled the downward trend up.

Judging from the K-line, the 1-hour, 4-hour and 12-hour levels are in an upward trend, and the daily level has also re-entered an upward trend. The intraday pressure level is 69,600 and the support level is 66,400. The focus needs to be on Trump’s speech tomorrow. If there is no substantive content, then this round of rise will be over.