💥💥Last night, the US government transferred out $2 billion worth of Bitcoin, and the market plummeted directly, from the lowest of 70,000 to around 65,500; from the market point of view, the high-volume decline is full of risks. Is Trump's good news a turning point in the market? Is the bull still there?
⭐⭐Last night, the US government transferred out $2 billion worth of Bitcoin, causing market panic; although some analysts said that the transfer of Silk Road's seized BTC may be just a regular fund transfer, the market ignored it and continued to fall;
💥💥However, the ETF data is still relatively normal, with a net inflow of 120 million US dollars yesterday; institutions are still optimistic
⭐⭐From the perspective of miners, the computing power continues to set new highs, which means that miners are also optimistic. The recovery of the computing power market data shows the optimism of the miner group. On July 20, the computing power of the Bit Network hit a record high of 724 EH/s, and the 7-day average computing power was also close to the historical high. The recovery of computing power indicates that miners, an important community member, are firmly optimistic about the future market; overall, it is still relatively healthy, but the impact of short-term events has brought panic
💥💥In the short term, it is supported by the lower edge of the upward track. At present, we need to observe the support strength. If we cannot hold on, it may break down to the middle track of the daily Bollinger band near 65,000. This position has not been broken since BTC started a new round of market, and it has reference value;
In the near future, the overall trend is still bullish. Unless it falls below 65,000, it may turn from rising to high-level fluctuations; otherwise, continue to wait for a big surge
