BTC has reached a critical short-term node. If it doesn't go up directly in the next couple of days, it will enter a rising mode, as the contract leverage around 115,000 has mostly been cleared in the short term. From the overall market perspective, the basic adjustment is basically in place; otherwise, it will continue to pull back and fall, moving towards the 100,000 to 110,000 range, followed by a consolidation period lasting more than half a month, with a direction to be chosen again in August. Personally, I still lean towards the direction continuing upwards. There isn't much liquidity over the weekend, as European and American trading institutions are off work, so I estimate that it will continue to rise on Sunday night.


Then the impact of the news is the announcement of the Federal Reserve's interest rate meeting results on July 31. It is clear that the Federal Reserve will not lower interest rates, which will exert some pressure on the price of Bitcoin. However, it won't have a particularly large impact, as the market already has psychological expectations. In any case, the situation will become clearer on Sunday, and it is best to enter tomorrow in the short term. Even if the market is not at its lowest point, it will be a starting point or a point to avoid falling.
BTC0.7%
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Petergevip
· 07-26 02:47
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