Crypto Market Analysis 8.15    Harris actively understands the crypto industry

    Bitcoin computing power is becoming an emerging investment commodity, attracting the attention of the capital market. KPMG experts pointed out that the financialization of computing power provides investors with a new way to participate in Bitcoin mining and provides a tool to hedge price fluctuations through the derivatives market. Despite regulatory challenges, computing power is becoming more important as a tradable asset and is expected to occupy a place in the capital market in the future.

Harris' presidential campaign team is actively working with the crypto industry to "work together" to deepen the understanding of crypto-related policies and prepare for the 2024 US election.  

Daily level market

· Daily level:   Daily level shock repair is the main focus, pay attention to the retracement in the short term, the bottom support is around 54,500, and the large level pressure is around 64,000.

4-hour level market · 4-hour level: The market is weak and rising at the 4-hour level, with the bottom large-level support near 57,300, and the recent support position of the increase near 57,800. If it does not fall below, it can be considered to continue to rise weakly, and the upper pressure is near 59,800.

Intraday level analysis Bitcoin's recent sharp drop is a normal phenomenon, mainly due to the uncertainty of American politics. As well as the current economic instability, there may be a risk of a hard landing on the news at any time. The current sharp drop and surge are normal. Just keep yourself alive, and don't worry too much about other things. · 

Find the bottom of the intraday decline: The intraday hourly decline trend is mainly the bottom support near 57,800 and 57,000. After breaking through the two positions, continue to look at 56,800, the upper pressure is near 59,500, and the recent pressure is near 58,800.

The spot market needs to safely pass this difficult moment in the history of encryption and remain calm in the face of things. #美国CPI数据连续第4个月回落 #美联储何时降息？