📈 Encryption market analysis 7.21 📉

The Trump moment is coming, Favourable Information is constant
Biden's withdrawal is at least temporarily favorable to the market, especially in the current business cycle and the rise and inflation stage, which has a positive impact on the bond market. If the situation ultimately leads us to a divided government, that may be a good thing for the market.

🪙 Gold and Dollar Dynamics
The uncertainty of the US election has intensified, and the safe-haven sentiment has benefited gold. The dollar's decline at the market opening on Monday also provided support for gold. Traders may tend to believe that if Trump wins the election, he will push for dollar depreciation and the appreciation of other assets, especially Crypto, will usher in a real Trump moment.

🕹 Daily level market
Daily chart: Rapid rebound on the large scale, initiating a pump trend. Resistance near 70000 above, support near 66000 below.
⏱ 4-hour level market
4-hour level: The market's upward trend is being repaired. The major resistance above is near 70000, the recent resistance is near 68500, and the support level below is near 67300.
⌛️ Intraday Analysis
BTC: Long Wick Candle has ended, and the annual bottom has appeared. If there is still a possibility of a bottom, the probability is low. On the intraday level, capital outflows in the U.S. market, and the encryption market may be in a small altcoin season during the BTC repair phase. Most companies will start to layout small-cap altcoin stocks.
BTC continues to have a bullish trend intraday, and it can continue to go long near 67300 on pullback. However, there is some pressure on the upside in the short term. Wait for the pullback to stop before considering going long. Don't rush for now. The pressure near 69000 on the upside, then focus on the pressure at higher levels.

Just stay calm and wait for Spot to safely pass through this difficult moment in encryption history.

#Crypto Bitcoin #TrumpMoment GOLD #USDElections