Encryption Market Analysis 7.28

BTC conference, Favourable Information news frequently, expected to break new highs!

Former US President Trump delivered an important speech at the BTC conference:

Praising the BTC community: Trump praised the achievements of the BTC community and likened BTC to the early steel industry.
The United States maintains a leading position in Cryptocurrency technology: He emphasized that the United States must maintain a leading position in Cryptocurrency technology and become the center of global Cryptocurrency. This may bring more long-term policy support and resource investment to promote industry development.
Establishing a presidential advisory committee for BTC and Cryptocurrency: Trump plans to establish a presidential advisory committee for BTC and Cryptocurrency, to develop transparent regulatory guidance, reduce uncertainty, and reassure investors and businesses.
End the current government's crackdown on Cryptocurrency: Trump promised to end the current government's crackdown on Cryptocurrency once in office, and to dismiss the current SEC chairman, appointing a new chairman who supports Cryptocurrency. This will alleviate regulatory pressure and create a more favorable environment for the market.
BTCpump promises: he mentioned that during his tenure, BTCpump rose by 3900%, and promised to promote the development of BTC and the economy through new economic rise policies, which may bring more long investment opportunities and market confidence.
Building longer power facilities: In order to support the development of Cryptocurrency and artificial intelligence, Trump plans to build longer power facilities, which is good news for the Cryptocurrency Mining industry, as power is its key resource.
daily candlestick level market
The daily candlestick level has rebounded quickly at a higher level, still in the pump trend. The recent intraday resistance is around 68500, and there will be future room for rise only after breaking through. The maximum resistance above the daily candlestick is around 69800, and the maximum support below is around 65500.

4-hour market
The 4-hour chart shows a trend of rising and repairing. The maximum resistance above is around 70500, and the recent resistance is around 68500-69000. The support position below is around 66700.

Intraday analysis
The recent major drop in BTC is normal, mainly due to the uncertainty in US politics. The game between Trump and Harris, combined with Harris's lack of experience and non-supportive stance on Cryptocurrency, has increased market uncertainty, affecting Cryptocurrency and the stock market.

News of Favourable Information keeps coming out at the BTC conference, and the market has tested the high point near 68500 multiple times, increasing the probability of the next breakthrough. In this round, it may rebound in the afternoon after testing the low support near 67300, and the target continues to be around 68500. AltCoin may also experience a good reversal.

Spot can calmly get through this difficult period in the history of encryption and deal with everything with composure.

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#比特币 Cryptocurrency #特朗普 BTC Conference #市场分析 Blockchain #BTC Financial Innovation #投资机会 Digital Money