Midnight Perspective: The current market is in a high sensitivity period, it is recommended to primarily focus on range trading + event-driven strategies. If a one-sided trend appears, quickly adjust the strategy. 119000—120000 range Look towards 117500-116500 range
The U.S. House of Representatives Passes Cryptocurrency Bill, Cryptocurrency Stocks Soar
The cryptocurrency bill fails to pass in the House! 13 Republicans defect, concept stocks plummet across the board
The much-anticipated 'Crypto Week' encounters a political setback, with Trump’s push for the bill facing internal party opposition
⚠️ Voting results hit the market hard On July 15, Eastern Time, the U.S. House of Representatives voted 196 in favor and 223 against, overwhelmingly rejecting the procedural motion for the cryptocurrency regulatory bill. 13 Republican lawmakers unusually defected, joining Democrats to block the bill from entering the debate phase. The impact was significant: - Stablecoin giant Circle's stock price plummeted over 7% during the day, closing down 4.58% - Exchange Coinbase fell 1.52%, and mining company MARA Holdings dropped 2.34% - Bitcoin's intraday decline exceeded 5%, while altcoins like Dogecoin fell over 8%
🔥 Controversy over the bill: CBDC Ban Becomes a Stumbling Block Among the three bills shelved this time, the 'GENIUS Stablecoin Act' became the core of division within the Republican Party. Opposition leader Marjorie Taylor Greene emphasized that the bill does not reflect Trump's January executive order demanding a 'ban on Central Bank Digital Currency (CBDC)', and the Speaker refused to vote on related amendments. Despite Trump urging before the vote to 'Make America the world's number one in digital assets', concerns within the party over **CBDC surveillance risks** overshadowed the president's wishes. Maryland lawmaker Andy Harris bluntly stated, 'CBDC must be thoroughly crushed'.
'Crypto Week' Starts Strong but Ends Weak, Market Expectations Unmet The previous week, with the House announcing the week of July 14 as 'Crypto Week' and planning to review three major bills, market sentiment was extremely optimistic: - Bitcoin broke $120,000 for the first time on July 14, with a market capitalization exceeding $2.4 trillion - Ethereum rose above $3,100, with the ETH/BTC exchange rate reaching a two-month high However, the anticipated clarity on regulation was shattered by the voting results, and beneficiary stocks like Circle corrected from their highs. The bill could have mandated stablecoins to be 100% backed by U.S. dollars or short-term U.S. Treasury bonds, creating 'trillions in demand' for U.S. Treasuries and potentially increasing the stablecoin market size from the hundreds of billions to $2 trillion.
Industry Quickly Responds, $141 Million in Ammunition Readied After facing a political setback, the cryptocurrency industry immediately revealed its cards: - The political action committee Fairshake disclosed it holds $141 million in funds, targeting the 2026 midterm elections #币安Alpha上新
- If it can steadily stand above 118500, it might be worth trying a small long position aiming for 11950, with a stop loss at 11750. - If the rebound to around 119800 is a bit difficult, a short position can be considered at 11850, with a stop loss at 120300.
On the Ethereum side:
- If it breaks above 3330 and holds, chase the long position targeting 3400, with a stop loss at 3300. - If it accidentally falls below 3300, a short position can target 3280, with a stop loss at 3320.
When the evening US market just opened, focus on two directions
Currently, the small index is fluctuating in the range of 118000-120500. After the liquidity from the US market comes in, if it can stabilize above 119500 and push upwards, 120500 is a key level; however, if the market shows profit-taking sentiment, pay attention to a pullback to around 118000.
On the small index side, the range is 3100-3250. If it can steadily stay above 3150, there is a chance to test 3250; however, if the small index pulls back and sets the pace, the small index may also retest the support level at 3100. #BTC再创新高
Midday Chat: Yesterday, it rapidly fell from a historical high of 123,218 to 116,250, triggering a liquidation of 135,800 people across the network. The early session slightly rebounded to 117,350, but is still constrained by the resistance at 118,000, with technical indicators showing signs of oversold recovery. Resistance: 118,000→ 119,000 Support: 117,000→ 115,700 At midday, the range is narrow between 116,500-118,500, waiting for directional guidance from the European and American markets.
In the early hours, the inclination is towards a bullish outlook. If there is a rebound in the Asian market, it can be followed up accordingly. Recently, attention should be paid to the influence of large capital selling pressure and ETF fund flows, as the technical indicators also show some bearish signals.
Key focus on the support strength at the critical level of 116000; if it cannot hold, it may trigger stop-loss orders in algorithmic trading, accelerating the downward momentum. $BTC
It's time to pack up and get off work, let's list yesterday's checklist, - buy some fruits to take home, to put an end to yesterday's little busyness~ #币安Alpha上新
The evening big B is basically fluctuating between 120,000 and 126,000, everyone is waiting for clear news regarding the relevant rules, it is estimated that it will take some more time to settle~ Currently, Xiao Tai's fluctuation is not large, basically moving back and forth between 3030 and 3080, it is estimated that it will also fluctuate for a while~ #币安Alpha上新
Thank you, sister, for your trust all this time~ This recognition is really precious, like a little warmth accumulated over a long time; every time I think of it, I feel warm inside~ I will continue to work hard in the future and live up to this heavy sentiment. Let's walk slowly together~ $BTC
This morning, it suddenly surged to around 119,000, but then slightly retreated to the current price of around 118,680. In the morning, the large B is likely to fluctuate between 118300 and 119200, and the specific direction may depend on the fund movements and related news from Europe and America in the afternoon.~
Here are a few time points to pay attention to: 9:30 (pre-market for U.S. stocks), the situation with ETFs will be updated; After 10 o'clock, if it hasn’t consistently stayed above 119200, then the pressure for a pullback may increase.
The small one is likely to fluctuate between 2920-3000. #币安Alpha上新
Let's talk about the little fellows recently trending 📊
For Little Bi, the daily chart shows the RSI is a bit overbought, so it might pull back to around 117200 for some consolidation in the short term. However, if it can steadily break above 119000, the upside potential might just open up, so let's keep observing 📈
As for Little Tai, in the 4-hour chart, the short-term upward trend line is supported around 2940, which is a key support level. If it can successfully break through 3000, the next step will likely be to challenge 3020. Looking forward to some performance 💪
What do you all think this trend will look like? Feel free to chat in the comments ~ #币安Alpha上新