The encryption bill failed to meet the vote threshold in the Senate. Only 50 votes were in favor—10 more votes are needed to reach the required 60. The bill has been tabled. In the short term, this is a bearish factor; in the long run, there are still expectations. When good news for the crypto bill becomes actionable, it turns into bad news!
Good news for the crypto bill: stablecoin $CRCL. If it drops, prioritize adding positions!
BTC tests the low of a consolidation range and forms a parallel low.
At this kind of level, a large number of dip-buying long orders have accumulated. Stop-losses are concentrated just below the lows. The market is likely to dip down to take out the long stop-losses.
Two scenarios:
1) The wick dips below the 74,900 low and quickly reclaims it (a bullish long candle with volume at the one-hour level): this is likely a shakeout. After that, first look for 80,000, with a further target of 82,800. After a breakout, it could rise further to 86,000.
2) If it breaks the low but cannot quickly reclaim it: the bearish pressure continues and the dip-buying capital runs out. Support fails, and price will likely fall rapidly to test the nearby area around 71,000.
Entry judgment criteria: wait for confirmation of one-hour price action—do not try to pre-judge a one-way surge or collapse. Key inflection point: after breaking down, whether it can quickly reclaim the level determines whether the subsequent move is upward or a further probe lower.
#美联储加息是否已成定局 #美参议院否决CLARITY法案 $BTC $ETH
Good news for the crypto bill: stablecoin $CRCL. If it drops, prioritize adding positions!
BTC tests the low of a consolidation range and forms a parallel low.
At this kind of level, a large number of dip-buying long orders have accumulated. Stop-losses are concentrated just below the lows. The market is likely to dip down to take out the long stop-losses.
Two scenarios:
1) The wick dips below the 74,900 low and quickly reclaims it (a bullish long candle with volume at the one-hour level): this is likely a shakeout. After that, first look for 80,000, with a further target of 82,800. After a breakout, it could rise further to 86,000.
2) If it breaks the low but cannot quickly reclaim it: the bearish pressure continues and the dip-buying capital runs out. Support fails, and price will likely fall rapidly to test the nearby area around 71,000.
Entry judgment criteria: wait for confirmation of one-hour price action—do not try to pre-judge a one-way surge or collapse. Key inflection point: after breaking down, whether it can quickly reclaim the level determines whether the subsequent move is upward or a further probe lower.
#美联储加息是否已成定局 #美参议院否决CLARITY法案 $BTC $ETH
