📉 Crypto Market Analysis 7.31 📉Weekly Overview:Bitcoin forming a double bottom on the weekly chart, market leaning towards rate cuts, Powell playing Tai ChiKey points from Powell's press conference: Market’s expectation for rate cuts is reasonable, the earliest cut could be in September; Inflation is decreasing better than expected, moving towards 2%Daily Overview:Bitcoin approaching support near 63500, short-term decline expected but long-term trends are crucialResistance: 666004-Hour Overview:Market has seen a rapid decline, short-term rebound possible but still in a downtrendResistance: 64500, 65000; Support: 63800, 63500Intraday Analysis:Recent Bitcoin drop due to US political uncertainty; Trump vs. Harris adds to market volatilityPowell’s indecisiveness brings market near collapse, finding major support around 63500Intraday decline expected, wait for clear K-line to enter, support at 63800-63500, resistance at 64500, 65500Spot market needs to weather this tough period with composure.#CryptoAnalysis Bitcoin #MarketTrends PowellPressConference #Inflation InterestRates #BTC CryptoNews #FinancialStability