📈 Crypto Market Analysis 7.21 📉

Trump moment is coming, good news continues

Biden's withdrawal is at least temporarily good for the market, especially in the current business cycle and economic growth and inflation stage, which has a positive impact on the bond market. If the situation eventually leads us to a divided government, it may be a good thing for the market.

🪙 Gold and US dollar dynamics

Gold has benefited from risk aversion as uncertainty in the US election has increased. The decline of the US dollar at the opening of the market on Monday also provided support for gold. Traders may be inclined to believe that if Trump wins the election, he will promote the depreciation of the US dollar and the appreciation of other assets, especially cryptocurrencies will usher in a real Trump moment.

🕹 Daily level market

Daily level: A large-scale rapid rebound has opened an upward trend. The upper pressure is around 70,000, and the lower support is around 66,000.

⏱ 4-hour level market

4-hour level: The market rushes up to repair the trend. The upper maximum pressure is around 70,000, the recent pressure is around 68,500, and the lower support is around 67,300.

⌛️ Intraday level analysis

Bitcoin: The pin has ended, and the annual bottom has appeared. If there is still a possibility of a bottom, the probability is low. Intraday level US market funds are flowing out, and the crypto market may be in the small-cap cottage season during the Bitcoin repair stage. Most companies will begin to deploy small-cap cottage stocks.

Bitcoin continues to be bullish during the day, and it can continue to go long when it falls back to around 67,300. However, there is a certain pressure on the upper side in the short term, and it is expected to continue to be bullish after the retracement position stops. Don't worry for the time being, the upper pressure is around 69,000, and then it will be mainly based on large-scale pressure.

The spot can safely pass through this difficult moment in the history of encryption, and it will be calm in the face of things.

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