Zhou Yanling: Did Trump's assassination on July 15th cause a surge in the cryptocurrency market? Latest trend prediction analysis and strategies for the future market.

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周彦灵
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1 year ago

周彦灵: Did Trump's assassination lead to a surge in the currency circle on July 15th? Latest trend prediction analysis and strategy

Over the weekend, there were two important pieces of news: Israel bombed again, and Mr. Trump was shot. After Trump was shot, the market speculated that the possibility of this Republican presidential candidate who supports cryptocurrencies winning the U.S. election has further increased, thus driving the rapid rise in the currency circle. It can be seen that after Trump was shot, his support rate has risen to 71% so far. The media's voice is loud, the spread is wide, and many people are even celebrating Trump's victory this year in advance. The market is full of interpretations of the trading impact of Trump's stabbing. In fact, the wheels of history keep turning, and the essence of things remains unchanged, such as the internal division and relative decline of the United States. Some contradictions have existed for a long time, and it's just the timing of the outbreak that happened to be this weekend.

Although a large part of the surge in the currency circle this time is due to the stimulation of this assassination event, Yanling believes that everyone should not overinterpret the assassination of Trump. The event itself has a great impact on the election, but it is still difficult to have a sustained impact on the financial market. In the long run, the market cares more about whether the Republican Party can win this year and whether Trump can regain the presidency. There are still many variables before the results are announced, and the market cares more about certainty. Before certainty, what the market cares about now is the reaction of the current Fed Chairman Powell, such as whether the interest rate will be cut in September as expected by the market, whether to maintain the interest rate, or to cut by 25BP or 50BP?

Alright, let's talk about the technical analysis. The continuous rise in the past three days has brought Bitcoin to around 63,000, and 64,000 is within reach. The daily chart has already shown a strong 4-day uptrend. By analyzing the 4-hour chart of Bitcoin, it can be seen that from the early trading on Monday, it has been a straight upward trend without looking back. In the short term, a strong bullish trend has formed. From the overall trend in the near term, it is already in a bullish trend. The market will continue to fluctuate upward along the moving average system. From the MACD below, it can be clearly seen that the upward momentum is still there. It is expected that the bull market will continue to run in the short term. However, one should still be cautious about sudden downturn risks, so it is necessary to be prepared for retracement in operations. The key support levels to focus on today are 62,000 and 60,600, and the second target for today is 64,600. In terms of operations, the strategy is to continue to buy on dips.

July 15th Bitcoin trading strategy:

  1. Long at 62,200-62,600, stop loss below 61,800, target near 63,800, continue to look for a breakthrough near 64,500
  2. Short at 64,300-63,800, stop loss above 64,800, target near 62,000

【The above analysis and strategies are for reference only. Please bear the risks on your own. The article's review and release may have lagging strategies and lack timeliness. Please refer to Yanling's real-time strategy for specific operations】

This article is exclusively authored and shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for more than ten years, mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other currency circle contract/spot operations. If you need to know more about real-time community guidance, consultation on getting out of trouble, and learning trading skills, you can follow the teacher's public account "Zhou Yanling" to find the teacher.

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