IF DONAL TRUMP IS PRESIDENT, WILL THE MARKET BULL? MAYBE, AE.
The title of President: Mainly a "representative image", influenced by the party and sponsors. Crypto people will praise Trump because they believe that his support for crypto will increase the price of BTC. However, according to the book "The American Past: A History of Contradictions", less than 20% of the President's promises have come true.
Economic views of the two parties: Democrats: Increase welfare for workers, promote the market through public spending. Republicans: Reduce taxes for large companies and the rich, reduce welfare for the unemployed and immigrants, increase business competition. Trump and the Republican Party: Focus on collecting taxes from crypto investors, controlling tax laundering and tax evasion, may not really support crypto but increase regulations. The market needs flow 💵 and time: Even with support, the stock market still has a bull-bear cycle. Policy and support only play a supporting role, not deciding the big bullrun.
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Bitcoin (BTC) traded around $58,000 on Monday, down 0.7% on the day and extending its ten-day consolidation between $57,000 and $62,000. From a technical perspective, the bearish thesis remains dominant as BTC struggles to overcome key resistance levels and momentum indicators appear weak. However, investor behavior and recent miner activity data suggest that selling pressure is easing, providing some support to the major crypto asset.
CryptoQuant’s data on Bitcoin’s Puell Multiple, which provides valuable insights into the cryptocurrency mining profitability cycle, suggests that miner selling pressure is easing.
The indicator measures the ratio between Bitcoin’s daily issuance value in USD and its 365-day moving average. When the Puell Multiple is high, it indicates that Bitcoin miners are earning higher than historical average USD rewards, potentially leading to increased coin sales to cover costs or capitalize on profits. Conversely, a low Puell Multiple indicates that miners are earning less than historical average, which could indicate reduced profits or less selling pressure from miners. Currently, Bitcoin’s Puell Multiple is at 0.7, potentially indicating a period of reduced profits or reduced selling pressure.
BTC hits 49k will it continue to drop 45k🔥🔥🔥 Bitcoin is going through a sharp decline without showing any signs of strength. The price dropped below the important level of $50,000 but quickly recovered. For a positive result, BTC needs to close the candle above $50,000; otherwise, things will get worse. It is recommended to continue accumulating during the decline. Key support zone: $50,000 - $51,000
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When Ethereum fell to nearly $2,100, the maximum Ethereum gas fee reached 710 gwei, and the current average was 350 gwei.
When Ethereum fell to $1,950, $92.2 million in crypto assets in DeFi protocols were liquidated; when $1,790, $271 million in defi assets were liquidated.
🚨🚨🚨 Wall Street believes the Federal Reserve will likely announce an interest rate cut at its September meeting. 🚨🚨🚨
But do things really go as expected? It's not that the Federal Reserve doesn't want to cut interest rates; it's that they never seriously discussed the subject. Like other countries, a strong dollar and a rising dollar are not core goals of the Federal Reserve.
Similar to most countries, this is not entirely in the interests of the United States and its businesses.
Therefore, the possibility of cutting interest rates this year is quite low. The main reason is, first, the US economy is not worsening even though interest rates are continuously rising. Second, the US stock market has experienced an unusually strong bull market this year.
Additionally, the United States' debt and deficit problems were addressed through temporary spending bills. Looking ahead, in keeping with the US election, the Federal Reserve's monetary policy will certainly aim to stabilize the political situation.
Therefore, for Thursday's interest rate meeting, investors are most interested in how strongly the Federal Reserve will express its willingness to cut interest rates in the future?!
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Recently, the flow of money into Bitcoin ETF has been quite strong. Except for July 23, which saw negative inflows, the past three weeks have been positive inflows. Recent bearish factors mainly come from Mt. Gox and various governments. Previously, the German government sold Bitcoin, and in the past two days, the US government has also started selling off. However, the overall trend of Bitcoin is strongly correlated with the Bitcoin ETF. As long as the Bitcoin ETF maintains positive long-term inflows, Bitcoin can continue its uptrend
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🇺🇸 News of Joe Biden rejecting Democratic representation in upcoming US elections
🇺🇸 News of Joe Biden rejecting Democratic representation in upcoming US elections led to an immediate small drop in crypto prices. Despite the very different circumstances, news of Trump’s assassination two weeks ago triggered a similar price pattern. Prices quickly recovered from the initial drop during Sunday’s close and are now quite volatile as the week begins. Look for Biden’s endorsement of Kamala Harris as a signal that any news about her or other potential replacement candidates will always be trending topics that impact crypto. Regardless of your vested interest (or indifference) to US politics, the social volume of these key topics continues to demonstrate a tenuous correlation with speculation-driven crypto prices.
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We have more bullish sentiment around the market right now. All eyes 👀 are on#ETHETF Tomorrow. $SOL continues to look strong with $DOGE waking up after Elonios uses a laser as his avatar. What are you aiming for this week?
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Update the latest BTC “The reduction in Bitcoin miner reserves at this price is attracting attention.” Bitcoin Miner: "Do you want to buy Sats? We're having a sale!" Analysts wonder: "Do they have a lot of cash or just a surplus?"
🚨‼️ WANT US🇺🇸 TO BEAT CHINA🇨🇳 IN THE CRYPTOCURRENCY GAME!! Former President Donald Trump just released a trailer for the fourth NFT issuance, claiming that it's what the people want.🤫 He also just stated that the United States should be on a stronger footing in cryptocurrency to prevent a Chinese takeover. Alpha: All of your previous Collections were successful and sold out quickly.📈 In my opinion, this could be the start of#NFTBull Season. Major cryptocurrency investors like twins Winklevoss and Cathie Wood have supported him.🤯 Trump's popularity continues to grow as more and more people support him. His campaign raised $3,000,000 in #bitcoin☀️ and few other cryptocurrencies.💹
$BTC 's daytime forecast shows high-end broad range swing potential on the 4-hour chart with a possible pullback. Just now, Bitcoin price suddenly dropped sharply, showing a very smooth trend! If the decline continues tonight, keep an eye on support levels at 63280-62360. As long as it does not break below 62360, the price could recover and rise, as this was the previous low point. If broken below, the next support level is around 61670-60655. If it recovers, the above resistance will be between 64120-64650. Price must close above 64650 on the 4-hour chart to have a chance to continue rising, with the main target being between 64650-65400!#BTCtrend analysis
Daytime analysis of $ETH indicates that the 4-hour chart has had a retracement. In the afternoon, after breaking 3480, it started falling again, directly reaching the vicinity of the first anticipated support level. If it continues to fall tonight, watch support levels at 3375-3330. As long as it does not break below 3330, it could bounce back, as this was the previous low point. If it breaks below, it could test support around 3289-3239. If it rallies, upper resistance is at 3433. It must close above 3433 on the 4-hour chart for the market to continue rising, with key targets between 3480-3516!
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Bitcoin (BTC) was invented by an anonymous individual or group named Satoshi Nakamoto in 2008 and was the world's first sustainable cryptocurrency to succeed where decades of digital currency experiments had failed. lose. Bitcoin's monetary policy is enforced through a unique combination of software, cryptography, and financial incentives rather than the whims of trusted third parties. The Bitcoin network is backed by a cryptographically secure, verifiable database called the blockchain — itself a technological phenomenon. The Bitcoin ecosystem is comprised of a global network of stakeholders, including miners who secure the network and promote the issuance of Bitcoin currency, traders who speculate on market-driven assets This and the builders are working to bring people to the cryptocurrency model. At Cointelegraph, we're chronicling the ongoing story of Bitcoin and the rise of a borderless, permissionless financial system. What has changed since Satoshi wrote the Bitcoin white paper? How is Bitcoin trading evolving over the years, what are the best ways to invest in Bitcoin, and how are Bitcoin futures affecting blockchain adoption? What will industry stakeholders do to make Bitcoin a mainstay in people's lives, and will current and legacy systems accept or resist this change? Let's follow along.
Updated Btc on July 16 Today's decline is quite significant. Based on the current downtrend, if the afternoon rally fails to break 63,700, intraday support for Bitcoin is at 61,800 and 60,700, and for Ethereum, support is at 3,270. For those who have positioned themselves at the peak, they should take profits in batches and reduce their positions. Today's move down is a normal correction cycle and the trend this month remains optimistic for an upward move.
#bitcoin moved within "Range" for a period of time. Before moving higher, a Liquidity Grab is needed to remove all the weak hands from the market. Liquidity Grab is now complete🔥 $BTC back to range . The next run will be extremely INCREASING
💥Bitcoin Soars Above $61,000, Causing Over $100 Million in Liquidations💥 Bitcoin price skyrocketed above $61,000, causing over $100 million in liquidations. Bitcoin price has recovered above the key $60,000 mark, leading many to believe that the bulls are back and a larger rally is underway. At the time of writing, BTC trades at over $61,000, charting a gain of over 4% in just the past 24 hours. The price jumped in the last hour as volatility was significantly less than before. The move has led to more than $100 million in liquidations in the derivatives market over the past day. Increased volatility throughout the day followed an assassination attempt on Republican presidential candidate in the United States - Donald Trump. Trump has confirmed, in an official statement, that he was shot in the upper part of the ear following a shootout during his latest rally in Pennsylvania. He was seen being escorted by US Secret Service agents, and in many photos, there was blood on his face. Many meme coins related to Donald Trump have seen a spike in the past 24 hours.
🔥 AVAX chart analysis - Current price is 25.90 USDT, showing a slight decrease of 0.23%. - The chart illustrates a potential bull flag pattern forming. This is typically a bullish continuation pattern, indicating the possibility of price increases after an accumulation period. - The resistance zone is marked around the middle of the pattern, around the 26.47 USDT level. This zone is important because it can act as a barrier that the price needs to overcome to confirm the bull flag pattern. - Support level is determined at approximately 24.79 USDT. This level is important as it once provided a platform for the price to recover. - Important levels to monitor are: - Upper resistance at 30.07 USDT, marking a significant hurdle if the price moves above. - Intermediate resistance at 27.60 USDT, which could act as a preliminary hurdle before reaching the upper resistance. - Support levels at 26.47 USDT (current resistance) and 24.79 USDT, need to hold for the bullish scenario to remain valid. - Price action shows a period of accumulation within a downward sloping channel, characteristic of a bullish flag pattern. A break above this channel could signal a continuation of the previous uptrend. - Tracking trading volume can provide additional insights. Increased volume during the breakout will add credibility to the bullish breakout scenario.
Update btc on July 12 $BTC Currently, Bitcoin price should be at $80,000. US inflation data lower than German expectations#Bitcoinsales just an excuse. There are rapid accumulations going on and they will cause a sudden increase.
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LATEST: #Bitcoin : transaction fees plummet to four-year low as Bitcoin miners ⛏️ continue to sell. The average cost per Tx is approximately $38.70. Despite the reduced fees, BTC miners continue to be profitable thanks to reduced network difficulty.
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Update BTC on July 11 The 4th post-Halving price increase is approaching 🔥 This is the model of $BTC . This has happened 3 times in history since the beginning. It NEVER fails. The 4th post-halving price increase could bring $BTC to >100 thousand dollars🚀
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