Biden is dead? ? Or is it a rumor?

Harris is not up to the task, and popularity is just an illusion

Latest economic data

The US second quarter GDP data exceeded expectations, alleviating some economic concerns. The core personal consumption expenditure price index (PCE) was higher than expected at 2.9%, which may cause trouble for the Federal Reserve.

Emma Wall of Hargreaves Lansdown said: "Although the PCE index is above target, it is declining. Coupled with strong economic growth data, the pressure on the Federal Reserve to cut interest rates next week has eased a little. The Federal Reserve, the European Central Bank and the Bank of England are expected to cut interest rates in September, forming a wave of interest rate cuts."

Political trends

Harris will debate with Trump on September 10, which may lead to market instability. Although the debate news itself will not directly affect the crypto market, if Harris comes to power and implements strict supervision, the cryptocurrency market may be affected.

Bitcoin market

Daily level

Rapid rebound, rising trend, recent pressure: around 68500, future pressure: around 69800, support position: around 65000

4-hour level

High-up repair trend pressure: around 69500, around 68500-68200, support: around 66750

Intraday analysis

The recent sharp drop in Bitcoin is normal, mainly due to political uncertainty in the United States. Harris is not qualified and does not support encryption, so the probability of winning is not high, but if he comes to power, it may have a big impact on encryption and the stock market. The encryption market may enter a small-scale altcoin season during the Bitcoin repair stage. In the intraday Bitcoin upward trend, the pressure position is around 68500, and it is expected that there will be no major fluctuations on the weekend. Pay attention to the altcoin market.

Conclusion

The spot market can survive this difficult period and remain calm in the face of difficulties.

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