(7/29, Fri) btc almost reached its short-term high completing N-shaped upward pattern on daily chart

Yesterday(7/28 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $22949, its lowest as $22590, its highest as $24190, its closing as $23841. Bitcoin started on Thursday in an N-shaped upward pattern, reaching a low at 12:30 and then surge again, reaching a high above $24k at 20:30 and ending 3.9% up.

If you look at the 4hr chart, after the previous day's big rise, there was once again a big rise accompanied by trading volume, it appears to be a move that confirmed an upward reversal. On the daily chart, it is expected to maintain a good trend for the time being as there is a movement to complete an N-shaped uptrend as it nears its short-term high.

In the macro market, the stock market rose further as the market recognized the low GDP growth rate of US as a good news again, the bond yields fell more than 10bp, and the dollar index and oil prices also fell with the prospect of easing interest rate hike. In this atmosphere, Bitcoin has almost reached its previous high, and Ethereum has broken its previous high again, brightening the future prospects.