On the solemn podium of the Libertarian Party National Convention, Trump declared in a firm tone: "I vow to protect the future of cryptocurrency and Bitcoin and ensure that it is rooted in the fertile soil of the United States, rather than forced into exile abroad. I promise to fully support the autonomy and custody rights of 50 million cryptocurrency holders in the country. This promise can only be transformed into reality if you entrust your votes to me. Only in this way can I build a copper wall to keep Elizabeth Warren and her team away from your precious Bitcoins and ensure their safety. At the same time, I firmly oppose the creation of any central bank digital currency and vow to uphold the freedom and purity of the monetary system." On the same day, on his personal social media platform Truth Social, Trump spoke again, and his words were filled with enthusiasm and expectations for the field of cryptocurrency: "I have an extremely positive and open attitude towards cryptocurrency companies and the entire emerging ecosystem behind them. + Communication Junyang 831712929
I firmly believe that the United States must lead the way in this frontier and not allow other countries to compete. On the other hand, Joe Biden's administration is undoubtedly a dark cloud in our country's history. His vision of letting cryptocurrencies fade away in the struggle is contrary to our prosperous future. ”#美联储何时降息？ #CPI数据 $SOL $SC $QTUM

A student was sleeping in physics class and was seen by Mr. Luo.

Mr. Luo: This sleeping student, please tell me, what is the second line of "Visiting West Lake, carrying a tin pot. The tin pot fell into West Lake, how sad is West Lake?"

The student answered like this: Physics is like being in the fog. Look at physics in the fog, don't pay attention to physics!

Even Su Shi couldn't answer this sentence, but a student who was sleeping in physics class answered it. #BTC下跌分析 #美国6月CPI大幅降温 #美联储何时降息？ $SOL $MDX $FTT

Fortune magazine reported that the U.S. Securities and Exchange Commission (SEC) has decided to terminate its in-depth investigation of New York stablecoin issuer Paxos and officially confirmed that the BUSD stablecoin jointly launched by Paxos and Binance does not fall into the category of securities. On July 9, Jorge Tenreiro, acting director of the SEC's Crypto Assets and Networks Division, made it clear in a letter to Fortune magazine that he was not inclined to take any enforcement action against Paxos. This decision marks the end of the SEC's review process of the Wells Notice (a formal notice indicating that enforcement action may be initiated) issued to Paxos more than a year ago, which focused on the dollar-backed stablecoin BUSD launched by Paxos in cooperation with Binance.

Walter Hessert, Paxos's head of strategy, expressed his relief with the result in an interview: "We are deeply relieved because the formal termination of the investigation is exactly in line with our expectations. This not only has a positive impact on ourselves, but more importantly, it is expected to bring more stability and certainty to the entire market. We have observed that with the announcement of this news, more and more large companies are actively considering joining this field." #美联储何时降息？ #美国6月CPI大幅降温 #币安7周年 #BTC下跌分析 $AR $BOND $GAL

Bitcoin is currently hovering around $57,000, and the overall market situation remains relatively stable. It is currently in the second adjustment phase since its strong rebound from the low of $15,443. The first adjustment took about 150 days, while the current round of adjustment is close to 116 days, indicating that the market is gradually finding a new equilibrium point.

In the latest analysis, we identify two potential paths for Bitcoin's future trend:

Assuming the formation of a classic WXY adjustment pattern, the lowest point has reached $53,329. If the market follows the yellow path, that is, the completion of the rising phase of the Y wave, it indicates the establishment of a new round of upward trend.
Another possibility is that the market continues to fluctuate in the current range, and the recent rebound may only be part of the XX wave, and it may need to experience a Z wave decline before the upward trend can be initiated.
In either case, the $53,000 area is considered a preferred position for opening a position, as it may mark an important support level.

The market was particularly active yesterday. After hitting $53,329, the price of Bitcoin quickly rebounded to $58,500, and then experienced a series of rapid fluctuations, including two significant declines (to $54,300 and $54,800) and the subsequent rebound to $57,500. This series of actions may suggest that the market is building a triangular oscillation structure. If this structure is established, the subsequent decline of the Z wave may be ushered in; on the contrary, if the market can quickly break through the current range, the bottom will be further confirmed.