Crypto market analysis 7.28

Bitcoin conference has many positive news, and it is expected to break new highs

At the Bitcoin conference, former US President Trump delivered an important speech:

Praise the Bitcoin community😊: Trump praised the achievements of the Bitcoin community and compared Bitcoin to the early steel industry.

The United States maintains its lead in cryptocurrency technology🔥: He emphasized that the United States must maintain its leading position in cryptocurrency technology and become the center of global cryptocurrency. This may bring more policy support and resource investment to promote the development of the industry.

Establish a presidential advisory committee on Bitcoin and cryptocurrency👥: Trump plans to establish a presidential advisory committee on Bitcoin and cryptocurrency to formulate transparent regulatory guidance, reduce uncertainty, and make investors and companies more confident.

Daily level market

The daily level rebounded rapidly and is still in an upward trend. The recent pressure during the day is around 68,500. There is room for future growth only after breaking through. The maximum pressure of the upper daily line is around 69,800, and the maximum support below is around 65,500.

4-hour level market

The 4-hour level market rushed up to repair the trend, the maximum pressure above is around 70500, the recent pressure is around 68500-69000, and the support below is around 66700.

Intraday level analysis

The recent sharp drop in Bitcoin is normal, mainly affected by the political uncertainty in the United States. The game between Trump and Harris, coupled with Harris's lack of qualifications and non-support for cryptocurrencies, has led to increased market uncertainty and a blow to cryptocurrencies and the stock market.

There has been continuous good news from the Bitcoin Conference, and the market has tested the high point of around 68500 many times, and the probability of the next breakthrough has increased. This round of retracement focuses on the low support around 67300. If it supports, there may be a rebound in the afternoon, and the target continues to look at around 68500. The altcoin may also have a good reversal.

The spot can safely survive this difficult moment in the history of encryption and remain calm when encountering things. #比特币大会 #美联储何时降息？ #美国以太坊现货ETF开始交易