7.29 Bitcoin still maintains a low-long mentality, Ethereum opens long and waits for the bulls to exert their strength?
Trump's speech summary conveys positive policy support and strong confidence in the future of Bitcoin, especially the mention of the possibility of surpassing the market value of gold, the United States becoming a crypto capital, and retaining 100% of Bitcoin reserves, which can be regarded as good news. Community sentiment may be boosted by this, increasing buying interest. The current BTC price is 68039. Considering these positive statements, BTC is expected to have room for growth in the short term.
BTC slightly fell below the $68,000 mark, and market sentiment is slightly cautious. The current price is fluctuating at 68039, indicating that there may be a risk of further testing the support level in the short term. Considering the slight decline and stable price, short-term bullish expectations still exist, but we need to be wary of price fluctuations in a larger range. In the long run, if it continues to stay above the key support level, the upward trend is expected to continue. It is recommended to pay close attention to subsequent market dynamics and make corresponding trading decisions based on this.
Ethereum Neiro project has been accused of being a honeypot operation, raising concerns about the security of projects in the Ethereum ecosystem, which may lead to a deterioration in market sentiment. This news may exert downward pressure in the short term. Given the increased uncertainty, it is bearish in the short term. In the long term, if the incident is properly handled and does not affect the overall reputation of the Ethereum network, ETH is still expected to rise.
BTC operation suggestions:
Rebound to 69000-69500 short, target 67500-67000, break 66500, stop loss 70000
Retreat to 67000-67500 long, target 68500-69500, break 70000, stop loss 66500
ETH operation suggestions:
Rebound to 3340-3370 short, target 3290-3240, break 3190, stop loss 3400
Retreat to 3200-3240 long, target 3290-3350, break 3400, stop loss 3170 Real-time guidance WeChat: btc0796
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