News 1: The European Central Bank will pilot a blockchain-based euro settlement system in 2026, while DWS and Deutsche Bank's euro stablecoin have received regulatory approval. Analysis: The European Central Bank will launch a blockchain settlement pilot by the end of 2026, connecting distributed ledger technology (DLT) platforms with the core payment systems of the eurozone. A dual-track plan has already been approved, paving the way for blockchain in the European financial system. At the same time, the stablecoin joint venture of Deutsche Bank and DWS has received regulatory permission to issue stablecoins compliant with Mica regulations. In the face of new opportunities and challenges, European countries are accelerating their efforts, and technological updates are imperative.
As we enter July, let's take a look at the trend of Bitcoin. From a historical perspective, from 2013 to 2024, most of the time has been on the rise.
In terms of technical analysis, the bullish trend is evident, with a recent large bullish candlestick. The moving averages show a bullish arrangement, and the MACD indicator is above the zero line, indicating a short-term bullish outlook. In terms of price, there is some selling pressure at $109,600; let's see if it can break through smoothly. If it can hold at the daily level, there is hope for an upward breakout, with a short-term target of $130,000 or even higher. On the news front, there are continuous positive developments, including the advancement of various bills and increased expectations for interest rate cuts. It is important to note that these positive factors will take time to reflect in the coin price, so overall, we cautiously see a bullish outlook for July.
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