💥💥💥 U.S. House pushes forward crypto bills, is Bitcoin about to soar?
Family, the crypto world is facing another major event! On July 18, the U.S. House of Representatives directly passed three heavyweight crypto bills: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance Act. This is a super big leap in the U.S. crypto regulatory process!
The GENIUS Act is expected to be signed into effect by former President Trump this week, directly solidifying the U.S. policy stance in the digital asset field. The other two bills have also been sent to the Senate for review. This combo has injected a super strong ‘shot in the arm’ into the market.
From analysts' perspectives, the passage of the bills has brought a big confidence boost to the market, and the crypto market can expect more mainstream support in the future, stabilizing the bullish momentum of Bitcoin. Currently, Bitcoin is quoted at 120,326 USDT, directly breaking through the previous range high, riding high!
Data shows that there are a bunch of dense short positions waiting to be liquidated above $121,800, which is a potential target zone for Bitcoin's short-term surge. The key support below is at $116,300; as long as it doesn't break on a pullback, the bulls can sit tight.
Operational advice:
For spot traders: Hold onto your coins firmly. Given the positive trend from this policy, don’t easily exit, just wait for Bitcoin to appreciate.
For contract traders: Those who are aggressive can take small positions to go long, with a stop-loss set below $116,300, aiming for around $121,800; conservative traders should wait and see, entering the market when the trend becomes clearer.
The passage of this bill has provided insurance for Bitcoin's market. However, the crypto market is highly volatile, and we need to closely monitor the subsequent Senate review progress and market reactions. But regardless, the current situation for Bitcoin is very positive, seize the opportunity, and you might just get to reap the rewards!
