Crypto market analysis July 31 Congress may purchase Bitcoin in the future, SOL is expected to challenge Ethereum, and the intraday performance is still weak Anthony Pompliano, CEO of Professional Capital, predicts that the United States will include Bitcoin in its balance sheet in the next 10 to 15 years. His investment portfolio mainly includes Bitcoin and Solana, the latter of which he started investing in when the price was $45 to $48 last year.
Pompliano believes that Solana's activity growth may exceed Ethereum and seize its market share in certain areas, thereby driving its price up. Although optimistic about Bitcoin and Solana, he also reflected on the mistakes of not seizing early investment opportunities and emphasized the importance of portfolio construction and capital allocation.
Anthony Pompliano is a well-known entrepreneur and investor in the crypto industry and has a significant influence in the crypto field. His remarks confirmed that Congress may include Bitcoin in reserve assets in the future, and SOL may also significantly erode Ethereum's market share. Although there are still many uncertainties and opportunities in SOL now, this may be a good time for us to increase our investment.
Daily level market analysis Daily level analysis: The current market has fallen rapidly, but it is still in an upward trend overall. The decline is mainly to clear high leverage positions. The upper pressure is heavy, and the bottom support is around 65,000. If it falls below, we need to pay attention to around 63,000. The upper pressure is around 67,200.
4-hour level market analysis 4-hour level analysis: The market has fallen rapidly, with the lower support around 65,500-65,000 and the upper pressure around 66,700. The market has fallen rapidly, and it may further bottom out and rebound.
Intraday level analysis The recent sharp drop in Bitcoin is normal, mainly due to the uncertainty of the US political situation. The game between Trump and Harris, coupled with Harris's lack of qualifications and lack of support for cryptocurrencies, has a low probability of winning. However, this will still have a significant impact on cryptocurrencies and the stock market, and may lead to more contract explosions.
The US government continues to transfer Bitcoin, coupled with political uncertainty, and it is difficult for the market to have a large-scale upward sentiment in the near future. However, it is expected that Bitcoin will soon approach its previous high. In the short term, attention needs to be paid to the position where the callback ends.
Interest rate cut expected in September, still weak rebound during the day The market generally predicts that the Fed will cut interest rates in September. However, there is an important question about the FOMC meeting on July 30-31: How clear will the FOMC send its signal? Economist Anna Wong and others believe that the communication of the July meeting will only hint at the initial possibility of a rate cut in September. Fed Chairman Powell may point out that if economic data develops as expected, there will be a rate cut.
The main reason is that there is a lot of data to be released before the FOMC meeting on September 17-18, including two inflation and employment reports, which may change a lot. The clearest hint of a September rate cut may come from Powell’s speech at the Jackson Hole central bank annual meeting in late August, when he will have more employment and inflation data.
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Following Canada's announcement of a rate cut, the European Central Bank followed suit and announced a 25 basis point rate cut!
In the era of the financial cycle, no one can stop it! The Fed's rate cut is a foregone conclusion, and the real main uptrend in the crypto world will eventually come to us amidst the doubts!
In the near future, Bitcoin will continue to break new highs while countless people are hesitating and waiting, and instantly detonate the copycat market. It will double in one day and triple in a week. It will appear in your holdings. You and I will eventually witness the great fanatic history of cryptocurrency!
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I want to buy at the current price and it is stable Public chain: tia sui Artificial intelligence: wld rndr Sol ecology: sol jup jto Oracle: link Ethereum ecology: op strk ssv Bitcoin ecology: stx Inscription leader: ordi SATS Game sector: ygg