Analyze Bitcoin
The current most direct resistance level for BTC is $112,000, where there are a large number of sell orders. The price has formed a bearish divergence across multiple time frames when attempting to break $110,500. If it cannot break through, the support target range below is $106,000 to $107,500.
Trump's "Big and Beautiful" plan may lead to a short-term contraction in U.S. dollar liquidity, potentially causing Bitcoin prices to drop to the $90,000 to $95,000 range. If the impact is limited, Bitcoin may fluctuate around $100,000 but struggle to break through the $112,000 high. It is expected that before Federal Reserve Chairman Powell's speech at the end of August, the market may consolidate or experience a slight decline, but after liquidity is restored in early September, Bitcoin may see an increase.
Although some tokens in the altcoin market have seen slight increases recently, most tokens are still in a downtrend.
It is worth noting that recently, the trading volume of Little Penguin PENGU has remained high, and the coin price has been continuously rising for a week, with a weekly increase of nearly 80%.
In the SOL chain, several quality Meme coins have also appeared in the past two days, among which LuckyCoin, related to Feng Shui, has risen by 814% in the past 24 hours, with a market value of $6.4 million.
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