(7/30, Sat) btc closed weak flat after breaking through the short-term high

in #btc2 years ago

Yesterday(7/29 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $23841, its lowest as $23258, its highest as $24444, its closing as $23769. After starting Friday, it moved sideways for 3 hours and began to rise, peaking above $24k at 06:30, then dropping more than $1000, bottoming above $23k at 12:30, then rebounding and ending weak flat.

Looking at the 4hr chart, Bitcoin, which had been in an uptrend since last Wednesday, broke through a short-term high, and it seems the future outlook is bright. On the daily chart, the N-shaped upward pattern that started from 7/13 was completed, and if it rises further over the weekend, it can be expected to rise to $30k.

In the macro market, despite high inflation, corporate performance was good, the stock market rose, bond yields and dollar index fell, but oil prices rose which means major indicators did not move in one direction. US GDP was negative for the second quarter in a row, indicating a technical recession, and despite the fact that the 2y bond yield continues to reverse the 10y bond yield, Powell says the US is not in a recession, confusing investors. It's true that it is doubtful how long to trust Powell's mouth.

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