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There is a big difference between the highest rebound price of Bitcoin on July 29, 69,900, and the pressure point of 69,000 mentioned in yesterday’s article.
As expected, Bitcoin plummeted under the pressure of the 12-hour top divergence. Currently, it is fighting around 66,000. It is the last day of July. If Bitcoin can hold 66,000, it will be of great significance to stabilize. If Bitcoin loses 63,000, it will become weak.
The volume of Bitcoin's decline this time is amplified. We should pay attention to the risks, especially if it falls below 63,000 in early July, it will be a very good opportunity. Because Grayscale's ether will most likely be sold at the end of August at the current rate, and we should strive for BlackRock's buying to be greater than Grayscale's selling in September. Of course, if Grayscale's selling speed of ether decreases in August, BlackRock's buying may be greater than Grayscale's selling in September.