A consolidation below 114K has occurred, and a local minimum was established at 112722.
The market capitalization has decreased to 3.64 trillion, and the dominance index is again above 62%.
Besides the negativity from tariffs, Trump yesterday added some fresh news before the market closed.
He stated that in response to Medvedev's remarks, he is sending two submarines closer to Russia. It is clear that this is nonsense, which is even not worth commenting on. But it was enough for the markets for stock indices to close in the red for the first time in a long time (S&P 500 -1.6%), so to speak, to increase the panic.
Trump also said that India is stopping the purchase of Russian oil. However, today India itself denied this. And that's how it always is with him.
Trump has entered into conflict with his own brain; like Biden, he has become addicted to banned substances, or is this a tactic - to portray himself as a frostbitten person so that they are afraid and negotiate?
What do we expect from the market next?
On the positive side, yesterday - the dollar index went down.
In July, important laws for crypto were adopted.
The rate cut is closer and inevitable.
Money generation is also a matter of the near future. And the adoption of this law will ensure a level of this generation no less than during the times of the coronapsychosis.
With similar consequences for the crypto market.
Another possible positive - Trump's decree allowing pension funds to invest in crypto, gold, and non-public companies. It could very well be adopted in August.
Possible negatives - tariffs, geopolitics, another nonsense from Trump (what exactly - is unpredictable, but there is no doubt that there will be one).
There may also be a downgrade of the US credit rating (although, most likely, this will happen later).
And various stories surrounding Powell.
BUT all of this is short-term fuss.
And the positivity I listed is an objective reality that will work in any case.
From here, the understanding of what to do is clear - just use the opportunities. In October, Solana at 160 or Ether at 3500 may seem unrealistically cheap.
I think that by the market opening on Monday there may be some final dip. But I believe that support at 112000-112500 is the bottom for Bitcoin. If there is a dip to 110K, it will be short-term.
The range until Monday is 112000-112500 for the lower boundary and 115000-115500 for the upper.
"TAKEN FROM THE MAIN CRYPTO CHANNEL"
