(7/28, Thu) btc reversed its mood to upward trend by rising 8.1% thanks to Powell's remark

Yesterday(7/27 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $21238, its lowest as $21007, its highest as $23114, its closing as $22949. Bitcoin started declining weakly after Wednesday's start, reaching a low near $21k at 03:30, then starting to rise sharply, peaking above $23k at 19:15 and ending 8.1% up.

If you look at the 4hr chart, Bitcoin, which had fallen below $21k the previous day, made a big rise, and two days after the downturn, it reversed again and revived the market atmosphere. On the daily chart, it broke above the 50MA resistance line, which broke down two days ago, and formed an N-shaped upward pattern, this pattern will be completed only when a short-term high is broken.

The Nasdaq rose more than 4% thanks to a 75bp rate hike at FOMC meeting and Chairman Powell's remarks that the next rate hike would be easing, and the crypto market followed it rose sharply. Since there is no interest rate announcement in August, there is a prospect that the stock market will rise with no Fed-related risks for more than a month which makes good mood in the crypto market.