Check homework on Saturday!#BTCcompleted yesterday's task!
Result:
The basic goal has been completed, and the price has stabilized above 68,000 during the day. However, the trend has not broken through the 4-hour Bollinger band suppression in the short term, indicating that the short-term explosive power is limited and the rise is relatively stable
Yesterday's view is to break through above 68,000/above the 4-hour Bollinger band. At present, it is basically mostly completed
Note:
Today's early morning will be the last major event of the week-Crypto Conference Trump's speech
We need to pay attention to the stimulation of Trump's speech on the market. If the speech is the same as expected, BTC will be added to the US Treasury reserves. Sell the news may appear after the speech. This is likely to occur
From another perspective, if Trump speaks and tells a new narrative and explosive point, then the market will be FOMO because of this. Of course, the speech is in the early morning, and the market rise may also be divided into two trends: early morning rise and Beijing time morning catch-up rise
Technology:
Since last week, I have reminded everyone to pay attention to a key point, the previous high of the daily line is around 72,000. Whether this position breaks through and stabilizes will determine whether the bullish sentiment will be continued.
At present, until next week, there are only two major events that can have a major impact on encryption.
1. Trump's speech in the early morning
2. Next Thursday, August 1, the US July interest rate meeting. Of course, it is basically impossible to cut interest rates in July. The key is whether it will reveal the important news of the September interest rate cut. Powell also said in his previous speech that if there is a rate cut, the market will be aware of it, rather than a sudden rate cut
Under the consolidation of the two major events in the future, it is very important whether BTC can successfully break through the previous high of 72,000 daily lines. If it breaks through and stabilizes smoothly, the bullish rally will be continued, and even with the upcoming September interest rate cut, the bulls will continue to burst out more power
However, if the breakthrough fails under the blessing of major events, it proves that the bullish sentiment is not enough, and at the same time, some people in the market still maintain a pessimistic and cautious attitude. After the major event, the BTC price may continue to have the possibility of oscillating callbacks. As for whether the callback is the upper track callback oscillation of the daily line, or the overall callback oscillation of the daily line, it is temporarily impossible to judge.
PS: The figure below marks the overall range amplitude of the current daily line, which does not mean that it is bearish or looking for a callback at present.
