Trump wants to use Bitcoin as the US national reserve currency?
Former US President Trump delivered an important speech at the Bitcoin Conference:
Praise the Bitcoin community: Trump praised the achievements of the Bitcoin community and compared Bitcoin to the early steel industry.
The United States maintains its lead in cryptocurrency technology: He emphasized that the United States must maintain its leading position in cryptocurrency technology and become the center of global cryptocurrency. This may bring more policy support and resource investment to promote the development of the industry.
Set up a presidential advisory committee on Bitcoin and cryptocurrency: Trump plans to set up a presidential advisory committee on Bitcoin and cryptocurrency to develop transparent regulatory guidance, reduce uncertainty, and make investors and businesses more confident.
End the current government's suppression of cryptocurrencies: Trump promised that once he takes office, he will end the current government's suppression of cryptocurrencies, and fire the current SEC chairman and appoint a new chairman who supports cryptocurrencies. This will reduce regulatory pressure and create a more favorable environment for the market.
Daily level market
The daily level rebounded rapidly at a large level, and it is still in an upward trend. The recent pressure during the day is around 68,500. There is room for future growth only after breaking through. The upper daily maximum pressure is around 69,800, and the lower maximum support is around 65,500.
4-hour level market
The 4-hour level market rushed up to repair the trend, the maximum pressure above is around 70500, the recent pressure is around 68500-69000, and the support below is around 66700.
Intraday level analysis
The recent sharp drop in Bitcoin is normal, mainly affected by the political uncertainty in the United States. The game between Trump and Harris, coupled with Harris's lack of qualifications and non-support for cryptocurrency, has led to increased market uncertainty and a blow to cryptocurrency and the stock market.
Spot can safely survive this difficult moment in the history of encryption and remain calm when encountering things.
Tags#Bitcoin#Cryptocurrency#Trump#Bitcoin Conference#MarketAnalysis#Blockchain#BTC#FinancialInnovation#InvestmentOpportunity#DigitalCurrency
