š Market Pulse: BTC Consolidates Around $788,000, Building Momentum as the U.S. Strategic Reserve Blueprint Moves Forward
Bitcoin continues to trade sideways near $788,000, with little change over the past 24 hours. On the news front, the U.S. governmentās strategic Bitcoin reserve plan blueprint has been released and is awaiting legislative approvalāif it moves forward, it could open up long-term upside potential for BTC. Meanwhile, Bitcoin Core v32 feature freeze took place (Aug 20); the next-generation node software will focus on wallet compatibility and network improvements, steadily advancing crypto infrastructure.
In terms of market structure, ETH/SOL lead the altcoin rebound, while XRP remains weak. Overall liquidity sentiment is cautious. BTC is building momentum in the $78,000ā$79,000 range, and a directional move may be near.
š Investment Recommendation
ā¢ BTC ā Bullish
Take Profit (TP): $85,100
Stop Loss (SL): $72,500
ā¢ ETH ā Bullish
Take Profit (TP): $2,860
Stop Loss (SL): $2,120
ā ļø Disclaimer: The above content is for personal opinions only and does not constitute investment advice. The cryptocurrency market is highly volatileāplease DYOR (do your own research) and trade at your own risk.
Bitcoin continues to trade sideways near $788,000, with little change over the past 24 hours. On the news front, the U.S. governmentās strategic Bitcoin reserve plan blueprint has been released and is awaiting legislative approvalāif it moves forward, it could open up long-term upside potential for BTC. Meanwhile, Bitcoin Core v32 feature freeze took place (Aug 20); the next-generation node software will focus on wallet compatibility and network improvements, steadily advancing crypto infrastructure.
In terms of market structure, ETH/SOL lead the altcoin rebound, while XRP remains weak. Overall liquidity sentiment is cautious. BTC is building momentum in the $78,000ā$79,000 range, and a directional move may be near.
š Investment Recommendation
ā¢ BTC ā Bullish
Take Profit (TP): $85,100
Stop Loss (SL): $72,500
ā¢ ETH ā Bullish
Take Profit (TP): $2,860
Stop Loss (SL): $2,120
ā ļø Disclaimer: The above content is for personal opinions only and does not constitute investment advice. The cryptocurrency market is highly volatileāplease DYOR (do your own research) and trade at your own risk.