#报名WCTC S6，赢限定周边和PEPE等热币空投 Yesterday, Kennedy's speech about the willingness to include BTC in the US national reserve, along with Trump's arrival and his provocative remarks, has once again pushed this topic to a new climax.

Overnight this morning, Trump attended the 'BTC2024' event in Nashville, the 'capital' of Tennessee, as scheduled, and delivered a keynote speech. Trump shouted, 'Never sell your BTC. I declare that if I am elected, my government policy will be to retain 100% of all BTC currently held or acquired in the future.' 'This will actually serve as the core of the national BTC strategic reserve.'

During his speech, the price of BTC experienced a major V-shaped reversal.

At first, the BTC price briefly fell by $1,200, breaking through the $67,000 mark; however, as the speech was about to end, the BTC price suddenly violently rose, recovering all its losses and soaring to a high of $69,000.

Elon Musk's support

The head of the company hosting the BTC meeting, Mr. Bailey, hinted that there might be a surprise guest speaker this weekend.

Bae Li's post on X mentioned "increasing program space" and "apologizing in advance for breaking the Internet," triggering speculation that tech billionaire Elon Musk may attend. The Non-fungible Token news platform SolanaFloor also reported that Musk's private plane landed in Memphis earlier this week.

Elon Musk has always been a staunch supporter of Cryptocurrency, and earlier this month, after Trump's failed assassination, he officially supported Trump's participation in the 2024 presidential election.

What encryption content did Trump release for BTC Favourable Information at this conference:

1. The first thing to do after taking office is to dismiss the current SEC chairman, Gary Gensler, believing that he is the enemy of .

2, after taking office, establish a BTC encryption presidential committee,

3, absolutely not going to support the emergence of Central Bank Digital Money CBDC, at least not during his term, CBDC has a very big impact on Stable Coin.

4. Trump does not consider BTC as an enemy of the US dollar, nor does he believe that the emergence of BTC will threaten the US dollar. Those who hold hostile views towards BTC are regressing.

5. It is believed that the United States is a strong BTC mining country, and everyone should firmly hold BTC, believing that this is completely correct.

6. Regarding BTC as a strategic asset for the United States is a controversial issue. I'm not sure if it's a translation problem, but based on my understanding, Trump's intention is to consider the existing BTC controlled by the United States as a reserve asset, rather than explicitly having the US government buy BTC as a reserve. There is a big difference between the two.

Summary:

Trump's speech can be said to be very unexpected 'conservative', talking about encryption throughout the entire process, the length of which is about ten minutes, and the 'promise' he made is more of a grandiloquence than actual significance. The overall evaluation of the speech is routine vote-seeking and encryption propaganda. Emotionally, it can drive the market, but it lacks practical significance, so the market may not really buy it.

Today, BTC reached $68,000, and the market cap reached $13.4 trillion, which is one-twelfth of the golden market cap of $16 trillion.

If BTC catches up with the current Market Cap of gold, which is 16 trillion dollars, it can be easily calculated that the price of each BTC will be multiplied by 12, reaching over 800,000 dollars.

From the perspective of the 1-hour trend of BTC, the decline is still decent, and it has not completely fallen below the 1-hour oscillation range. At the same time, the price is also staying above the upper band of the 4-hour Bollinger Bands, indicating that the selling pressure is not too strong at the moment. However, we should still remain vigilant. As mentioned in the small group yesterday, because the incident happened over the weekend, there may be trading restrictions or low liquidity for traders in the US region. The follow-up fermentation of Trump's speech may continue until the early hours of Monday. Therefore, we still need to continue observing until the opening stage of the US stock market on Monday evening to determine whether the market has fully digested the emotions brought by this speech.

Idea: In a bullish market, there are many Long Wick Candles and Whipsaw, aiming to clean up leverage. Last night, there were Long Wick Candles in both long and short positions, but it won't affect you if you hold Spot. This is the Whipsaw oscillation before reaching a new high, which is expected to continue for a few days. Of course, there may be unusual movements at this level on Monday, and I will update randomly. Hopefully, tonight will be a quiet Sunday night.

Yesterday, during the day, I saw many people saying that BTC has stabilized at 68000 and is about to break 70000. I was thinking: Do you really understand the meaning of the word "stabilize"?

I can say that 67300 has never been stable.

As long as BTC stands firm at 67300, it is certain to break below 70000 and reach the range of 70400-70750. If it stabilizes at 68800, it will go to the range of 72300-73000. This is the first strong resistance level above 70000. Usually, short positions will test the support at 68800 after strong pullback. Just like two weeks ago, when it stabilized at 58200, it broke through 60000 and reached 60600 in one go.

These points that are difficult to break through in repeated friction are called 'pain points'. At the end of the month, the Market Maker will slowly dump, etc. as the Fed interest rate meeting settles, and observe the changes. The market will drop in advance the day before the meeting, and then there will be sharp fluctuations on the night of the meeting, which is a historical pattern. This month, the Fed interest rate meeting is likely to release expectations of rate cuts in September and beyond, and there is no major Unfavourable Information in August, which is a transition month for September. If the first rate cut takes place in September, it will be bearish.

Therefore, the outlook for August is generally expected to be a volatile upward trend.

Currently, BTC's market capitalization accounts for over 50% of the total! In the bull market cycle, as long as we haven't entered the "late stage", BTC will continue to dominate and its market cap will continue to rise. If you are currently heavily invested in altcoins, the process will be painful because more than 95% of the coins cannot outperform BTC (big brother will always be the big brother).

It's only "altcoin season" when BTC reaches the top and the market starts a big pump.

Success is not luck, choice is greater than effort, and circle determines destiny.
Speak only with strength and demonstrate value! Take you to accurately control the position, grasp the income. When the crypto world is good, you can make money no matter how you play, but you must be clear that the crypto world market will not always be good!!! When to buy and when to sell in the crypto world, this is important!