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BTC Sunday Update:
This week Bitcoin reached my aforementioned $62k expectation: after such huge volatility recently, I expect a short-term pullback to at least 58700 before continuing to rise.
The plan is simple: Bitcoin will fluctuate between 58700-61700 for a while, then come to a price around 65k, and then all the way down to 55k, which will be my long-term trading trend. A few things to keep in mind, there is still a high possibility that the liquidity at $69k will be liquidated.
I feel more confident in going long on the pullback because it has really been strong in the past few days. The 65000 and 69k levels just show you the possible price action we may be looking for in the next few days.
My plan for this setup is:
Long around 58700
Long around 55k - 54200
#Ripple于诉讼中取得部分胜利 #加密市场反弹 #美联储何时降息？ #BTC走势分析 $BTC

Snowball Daily Market Update,
After a day of explosive pull yesterday, I want to be patient here. Bitcoin has stabilized above $60,400 (DM VAH) and is currently holding that level as support on the 4-hour. However, there are a lot of sell orders between here and 6.28k. Binance's heat map shows a sell order of about 10,000 Bitcoin, which is one of the largest sell orders I have ever seen, so the resistance is huge. Any movement below $60,000, I will monitor the market reaction to decide whether to enter the market.
#Ripple于诉讼中取得部分胜利 #PlusToken相关钱包转移ETH #加密市场反弹 #美联储何时降息？ #BTC走势分析 $BTC

Snowball Daily Market Update -
After Bitcoin bulls hit all of our price targets, above $57,000 (last week's low) has been a strong 4-hour resistance level for the past two days. This afternoon, we just saw the first 4-hour close above this level since the beginning of the week. As long as this trend continues, we can see a move towards the weekly open of around $58,200. If this breakout fails and falls below the $57,000 level, then I think there is a high probability of testing the $53,000 area again.
#Ripple于诉讼中取得部分胜利 #PlusToken相关钱包转移ETH #加密市场反弹 #美联储何时降息？ #BTC走势分析 $BTC

Snowball Daily Market Update -
Bitcoin has risen nearly 15% from our entry price, but still faces strong 4-hour resistance above $57,000 (last week's low). A large sell order at $57,800 was fully liquidated, and a retest of the 52,350 area is expected
#加密市场反弹 #美联储何时降息？ #JumpTrading转移资产 #MarketDownturn #美国7月非农就业增长放缓 $BTC

Snowball Daily Market Update -
Bitcoin has rebounded 15% from yesterday's lows, with a daily close above $53,200 (last month's low). Keep an eye on any retest of $53,200 as a retest of support. We have seen signs of resistance just below $57,000 (last week's low), and the liquidity heat map shows a huge number of sell orders at $56,800-$57,800.
As I said, yesterday's plunge was predicted in advance in the daily update on the 4th, allowing us to respond to possible risks in a timely manner. Next, I am more looking forward to the next few months than ever! Great opportunity! #加密市场反弹 #美联储何时降息？ #JumpTrading转移资产 #BTC走势分析 #美国政府转移BTC $BTC

Snowball Daily Market Update,
Witness history! Global stock markets are in turmoil, and the Japanese stock market has experienced its biggest drop since 1987. The latest news: Apple fell more than 8% and Nvidia fell more than 9% before the US stock market opened.
For this reason, as I mentioned yesterday,
Be careful at the close of last week and the opening of Asia - if the Nikkei index looks weak, then this may affect BTC again.
So far, BTC's biggest pin is at $49,000, which was the daily high on the day the BTC ETF was launched. I am currently waiting for Monday's range to form, as the chain reaction of today's US stock market opening will be crucial. Let's see if $53,200 (the lowest price last month) will give Bitcoin some support at the close of today.
#加密市场急跌 #JumpTrading转移资产 #美国7月非农就业增长放缓 #BTC走势分析 #美联储何时降息？ $BTC

Snowball Daily Market Update -
Bitcoin continued to fall yesterday, rebounding from $59,800, a price area that Snowball mentioned as a retest on August 2. Today's weekly close is very important. If it closes at the current price, it will become the largest negative line since the FTX crash in November 2022. Ideally, we would like to see BTC close back above $61,400 today to hold the weekly support level. Close below this and it may fall again. Be careful on the weekly close and Asian open - if the Nikkei looks weak, then this may affect BTC again.
#美国7月非农就业增长放缓 #美联储何时降息？ #美国政府转移BTC #超级央行周 #比特币大会 $BTC

Snowball Daily Market Update -
Bitcoin failed to hold support at $63,500 (last week’s low) yesterday and fell further to $61,000. This is a trend I mentioned earlier and is in perfect sync with the ETH limit order I sent out earlier, and the position is currently profitable. Bitcoin has now fallen below the 4-hour low of $62,500, so I expect this may become a resistance level for any retest this weekend. See if the $62,500 level can be reclaimed by the end of the week, otherwise the possibility of further declines next week increases. After such a large drop in recent days, I think it is likely that trading volume will remain very low in the next 24-36 hours.
#美国7月非农就业增长放缓 #美联储何时降息？ #美国政府转移BTC #超级央行周 #比特币大会 $BTC

Snowball Daily Market Update -
After Bitcoin encountered strong selling pressure again yesterday, the price finally rebounded from the low of $62,800. At the close of the day, the price quickly recovered to $63,500, which is a key level to maintain the current range. Currently see 4-hour resistance at $64,500. This is the monthly opening price and the 4-hour EMA200. Reclaiming $64,500, another attempt to reclaim the previous support level of $65,700 can be seen. If $64,500 cannot be reclaimed. I notice that the CME gap below 57k is still in place. Short-term trend I expect BTC to retest between 60300-59200, and then rise to 63k-65k.
#美联储何时降息？ #美国政府转移BTC #超级央行周 #比特币大会 #美国以太坊现货ETF开始交易 $BTC

Major event announced: interest rate cut! Interest rate cut! The first interest rate cut in more than 4 years!
The Bank of England, the central bank of the United Kingdom, announced a 25 basis point interest rate cut, lowering the base rate from 5.25% to 5%. This is the first interest rate cut by the Bank of England since March 2020, in line with market expectations.
Julius Bendikas, head of European economics and dynamic asset allocation at Mercer Consulting, said, "The decision to cut interest rates by 25 basis points was unexpected, especially given the problem of faster wage growth. That being said, we expect 1 to 2 more rate cuts in 2024 and more in 2025. The UK economy has normalized and interest rates should also normalize.
In addition, ECB board member Stournaras said that he still expects two rate cuts in 2024. The decision in September will depend on the data, and the risk of inflation falling below 2% in the medium term is increasing.
The most important thing is!
PANews reported on August 1 that according to @0xAA_Science citing Macromicro data, the probability of the Federal Reserve cutting interest rates in September is close to 100%.
Brothers, is spring coming soon?
How many years have we been waiting? You say,,, #美联储何时降息？

One day we'll be thankful for this 5 month#Bitcoinrange. There's a good chance it will serve as future bear market support. $BTC #比特币大会

Snowball Daily Market Update -
Bitcoin has lost $65,700 (DM VAH) as 4-hour support. So far, we have seen a rebound from the $63,500 area (last week's low). Hopefully, Bitcoin can hold in this area as it marks a range low. If this holds, we could see another rise to $65,700, where the previous strong support is expected to form resistance. There is a chance that the $63,500 support level could be lost again, seeing a retest close to $61,000.
New month, let's make new records in August!
#美联储何时降息？ #美国政府转移BTC #超级央行周 #比特币大会 #美国以太坊现货ETF开始交易 $BTC

Snowball Daily Market Update -
Bitcoin has once again failed to close above the $69,100 area (2021 high) on the daily chart. Bitcoin fell more than 5% from yesterday's high after the US government began transferring BTC. Monday's low ($66,365) currently holds as 4-hour support. As long as this level holds, Bitcoin has the potential to retest $68,200 (weekly open). With a daily close below $66,365, the likelihood of a further retracement increases.
Our Monday range for this week is $66,365 - $70,000.
#美国政府转移BTC #超级央行周 #比特币大会 #美国以太坊现货ETF开始交易 #美国大选如何影响加密产业？ $BTC

Snowball Daily Market Update -
Bitcoin bulls continue to hold strong since the $63,500 bottom we gave last time, and BTC is trying to regain its footing above $68,000. Most weekends see a lot of sideways movement and low volume, however, with Donald Trump speaking at a Bitcoin conference later today, we may see more volatility. There is a possibility that Bitcoin can move above $69,000, which I am monitoring. This is the daily downtrend resistance that has been in place since the ATH. It will also coincide with the 2021 ATH, and we have seen the ATH act as a key daily support and resistance level many times.
#比特币大会 #美国PCE通胀放缓 #美国以太坊现货ETF开始交易 #美国大选如何影响加密产业？ #山寨季何时到来？ $BTC

Update: $BTC's liquidity zone at 63500 has been swept!
As I mentioned earlier.
Let's see if this continues the uptrend and forms a bottom.

Snowball Daily Market Update -
The view given in yesterday's update is exactly right. The resistance here is obvious - $66,500 (Monday's low), and the continuous retreat from $66,500 eventually caused the price to fall to test DM VAH. Currently, this key level is $63,800, which is regarded as 4-hour support. I would like to see a push to test the old 4-hour support level of $65,000, but I think there is a high probability of falling back to $63,500 first. On the liquidation heat map, it shows that there are currently 3.2k BTC bids between $63,800 and $63,500. It is possible that these orders will be liquidated first.
#美国以太坊现货ETF开始交易 #比特币大会 #美国大选如何影响加密产业？ #币安HODLer空投BANANA #山寨季何时到来？ $BTC

Another rate cut!
The Bank of Canada cuts interest rates by 25 basis points
On July 24, 2024, the Bank of Canada cut its benchmark interest rate from 4.75% to 4.5%, the second consecutive rate cut, in line with market expectations.
Bank of Canada Governor Macklem reiterated that if inflation continues to slow, further rate cuts are likely.

Snowball Daily Market Update - Bitcoin finally broke out of the 4-day range, which is what we expected in the group, and our limit price was $65,500. So far, the trend in this area is good. The resistance here is obvious - $66,500 (Monday low). From here we see - the 4-hour close is above the Monday low, and we can start to watch for a trend towards the $68,500 area (Monday high). If it fails to break through and retest, it may be a deeper correction, and we may see $63,500 (DM VAL). #美国以太坊现货ETF开始交易 #比特币大会 #美国大选如何影响加密产业？ #美国大选如何影响加密产业？ #山寨季何时到来？ $BTC

BREAKING：$ETHETF现已上线！