đž 5 days before #DonaldTrump vs. #KamalaHarris debate đž 6 days before US #CPI figures đž 13 days before US đșđž #FED cuts Interest Rates đž 61 days until the US election
Traders Read Very Carefully And Plan Your Trade đđđ
Many people might say that Bitcoin is struggling when looking at lower time frames. However, the long-term view still looks promising.
On the monthly chart, the price hasn't closed below the $60,000 support level. Every time the price dips below $60,000, it quickly pumps back above it.
Overall, price is still consolidating above the all time high. The LTF drops below support might be traps before the price starts pumping again.
- Almost 30% of Supply is Staked. - No Daily Selling Pressure like BTC (450 BTC Day) - Deflationary Asset. - All Narratives Born on ETH. - Leader of RWA and Tokenization.
Macro: - Spain, Germany, France, Italy and Eurozone Q2 GDP on 30 - Fed Interest Rate Decision on 31 - BoJ Interest Rate Decision on 31 - BoE Interest Rate Decision on Aug 1 - U.S. Nonfarm payrolls on Aug 2 - U.S. Unemployment Rate on Aug 2
Earnings: - AMD and Microsoft on 30th - Meta on 31st - Amazon, Apple, MicroStrategy and Coinbase on Aug 1
Crypto: - Vitalik Buterin speaks at EDCON 2024 on July 29 - Eclipse Mainnet this week [it's Ethereumâs first SVM L2] - Solana v1.18.20 for mainnet
Unlocks: - $ZETA: 19%: $33M on Aug 1 - $W: 33%: $170M on Aug
âą Trump outlined plans to end the perceived adversarial stance of the US government towards cryptocurrency. âą Announced a policy to retain 100% of the US governmentâs current and future Bitcoin holdings. âą Recommitted to efforts to free Ross Ulbricht, the former operator of the Silk Road marketplace.
Price Fluctuations: âą One hour before the speech: Bitcoin was priced at $68,626. âą 30 minutes before the speech: The price slightly increased to $68,126. âą During the speech: Bitcoin traded at approximately $68,447. âą After the speech: The price dropped to $67,382, down about 1.72% from three hours earlier.