#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 reserves, and Trump's arrival, along with his characteristic provocative remarks, have once again brought this topic to a new climax.
Overnight this morning, Trump attended the 'BTC2024' event in Nashville, the 'provincial capital' of Tennessee, USA, as scheduled, and delivered a keynote speech. Trump shouted, 'Never sell your BTC. I declare that if elected, my government's policy will be to reserve 100% of all BTC currently held or acquired in the future for the United States.' 'This will actually serve as the core of the national BTC strategic reserve.'
During his speech, the BTC price experienced a V-shaped major reversal.
Initially, the BTC price briefly fell by $1200, breaking through the $67,000 mark; however, as the speech was about to end, the BTC price suddenly violently rallied, recovering all the losses and briefly reaching a high of $69,000.
Elon Musk's support
The head of the company hosting the BTC conference, Mr. Bailey, hinted that there may be an unexpected guest speaker this weekend.
Bairi's post on X mentioned "increasing program space" and "apologizing in advance for breaking the Internet", triggering speculation that the 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.
Musk has always been a staunch supporter of cryptocurrency. Earlier this month, after Trump's failed assassination attempt, he officially supported Trump's participation in the 2024 presidential election.
What encryption has Trump released about 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 an enemy of encryption,
2, announce the establishment of a BTC encryption presidential committee after taking office,
3, absolutely do not 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 the enemy of the US dollar, nor does he believe that the emergence of BTC will threaten the US dollar. He believes that those who hold hostile views towards BTC are regressive.
5. It is believed that the United States is a strong BTC mining country, and everyone should firmly hold BTC, considering it to be completely correct.
6. Regarding BTC as a strategic asset by the United States is highly controversial. I'm not sure if it's a translation issue, but as I understand it, Trump's meaning is to treat the existing BTC controlled by the United States as reserve assets, rather than explicitly having the U.S. government directly buy BTC as reserves. There is a significant difference between these two approaches.
Summary:
Trump's speech can be said to be very unexpected and "conservative", talking about encryption for a long ten minutes, and the "promise" put forward is largely empty words, more emotional than practical. The overall evaluation of the speech is daily vote-pulling + encryption shouting. Emotionally, it can drive the market, but it lacks practical significance, and the market may not really buy it.
Today, BTC reached $68,000, with a Market Cap of $1.34 trillion, which is only 1/12 of the gold market capitalization 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 increase by 12 times, reaching over 800,000 dollars.
From the hourly trend of BTC, the decline is not bad, and it has not completely fallen below the hourly range of fluctuations. At the same time, the price is also running on the upper rail of the 4-hour Bollinger Band, indicating that the selling pressure is not too strong. However, still be vigilant. As mentioned by the small group yesterday, because the incident happened on the weekend, trading restrictions or Liquidity may be lower for US traders. The follow-up fermentation of Trump's speech may continue until early Sunday morning to Monday within. Therefore, we still need to continue to observe and judge whether the market has completely digested the emotions of this speech until the opening of the US stock market on Monday night.
Idea: In a bull market, Long Wick Candle Whipsaw is used to clean up leverage. Last night, there was a Long Wick Candle up and down explosion in both long and short positions, but if you hold Spot, it will not affect you. This is the Whipsaw oscillation before reaching a new high, which is expected to last for several days. Of course, there may be some changes in this position on Monday, and I will update randomly. I hope tonight is a quiet Sunday night.
Yesterday, during the day, I saw many people saying that BTC had already stabilized at 68,000 and was about to break 70,000. I was thinking: Do you really understand the meaning of the phrase 'stabilized'?
I can say 67300 has never been stable.
Because BTC stabilizes at 67300, it is certain to break through 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 above 70,000, and shorts usually pull back to test the support at 68800. Just like two weeks ago, when it stabilized at 58200, it broke through 60000 to 60600 in one go.
These repeated friction points that are difficult to break through are called "pain points". At the end of the month, the market maker will slowly dump and wait for the landing of the Fed interest rate meeting, watching for changes. The market will show respect by falling the day before the meeting, and then on the night of the meeting, there will be sharp fluctuations, which is the historical pattern. Because it is highly probable that the Fed interest rate meeting this month will release expectations of rate cuts in September and beyond, and there is no major Unfavourable Information in August, which is the transitional month for September. If the first interest rate cut lands in September, it is bearish.
Therefore, the outlook for August is generally expected to be a volatile upward trend.
Currently, BTC's market capitalization accounts for more than 50% of the total! In the bull market cycle, as long as it hasn't entered the 'late' stage, BTC will continue to dominate and its market capitalization will keep increasing. If you are currently heavily invested in altcoins, the process will be agonizing because more than 95% of coins cannot outperform BTC (big brother will always be big brother).
When BTC reaches the top, the market will start a big pump, which is the "altcoin season".
Success is not about luck, choice is greater than effort, and circle determines destiny.
Only speak with strength, and demonstrate with value! Take you to accurately control the position, grasp the income. When the market is good in the crypto world, you can make money in any way, but you need to be clear that the market in the crypto world will not always be good! When to buy and when to sell in the crypto world, this is important!