Crypto market analysis 7.29 📈 Positive speculation is frequent, enter the market and wait for new highs

JohnE Deaton posted on the X platform that US Vice President Harris should ask SEC Chairman Gary Gensler to resign immediately to show her serious attitude towards restarting Bitcoin and promoting the digital asset economy. It can be said that no one has caused more harm to individual investors than Gensler, including SBF.

The interest rate decision will start on Wednesday this week, and the possibility of a rate cut is small, but after the decision, the speculation of a rate cut in September will officially begin. Please enter the market now. The probability of the Federal Reserve keeping interest rates unchanged this week is 95.9%, and the probability of a 25 basis point rate cut is 4.1%. By September, the probability of keeping interest rates unchanged is 0%, the probability of a cumulative 25 basis point rate cut is 87.7%, the probability of a cumulative 50 basis point rate cut is 11.9%, and the probability of a cumulative 75 basis point rate cut is 0.4%.

Daily level market:

Daily level rebounded quickly and is still in an upward trend. The intraday support is around 68500, and the upper pressure is around 70600.

4-hour level market:

The 4-hour level rose strongly, with the lower support around 69000 and 68300, and the upper pressure around 70800.

Intraday level analysis:

The recent sharp drop in Bitcoin is normal, mainly due to the uncertainty of American politics. Trump and Harris are playing a game, and Harris's lack of qualifications and non-support for encryption make her unlikely to win, but the blow to encryption and the stock market is still great. It is expected that there will be many contract explosion events in the near future.

The market trend is relatively obvious, and there will be a good increase from today to Wednesday. Bitcoin can continue to play long orders around 68500-68800 today, and the upper pressure is around 70300. We will see a step-by-step breakthrough in the future.

The spot market needs to survive this difficult time in crypto history and remain calm. #比特币大会 #美联储何时降息？ #美国PCE通胀放缓