Talk about the strategy of Bitcoin layout this week
The market rose, and the short-term selling pressure in Germany ended; the one-month European Cup ended, and funds began to flow back into the cryptocurrency circle; the Bitcoin whale address increased its holdings of 71,000 Bitcoins during the decline last week; Trump survived the disaster, and the voices for his coming to power are getting louder and louder. Trump's coming to power is good for the cryptocurrency circle, and he will give a speech at the Bitcoin 2024 Conference in Nashville, so the recent market trend has gradually strengthened, and it has now stood above 60,000. In addition, the Ethereum ETF is about to go online, and the expectation of interest rate cuts in September has increased. There are still many things to look forward to.
From a technical perspective, Bitcoin's lows have risen, and there are signs of bottoming out in the short term. If it does not break 60,000 here, the main pressure on Bitcoin is 64,000. Whether it can break through this is the key. Therefore, retracement and longs are still the main way to participate this week, and it is expected that the market will remain strong this week
