GM Brothers and Sisters ✅Bitcoin drops to two-week lows BTC fell about 3.5% in a single day to around $62,369, its lowest level in over two weeks. Despite an overall gain of about 8.5% in July, the price came under clear downward pressure at the end of the month. ✅Divergence between US and Asian stock markets Asian stock markets staged a strong rebound, led primarily by semiconductor stocks. US stocks opened lower and then traded sideways, failing to follow Asia’s rebound, which aligned with Bitcoin’s decline. ✅Analysts warn of possible bear-market history repeating Some traders and analysts note that Bitcoin’s price action is copying the 2022 bear-market pattern. They expect the price may hold near current highs in early August, but historical precedent suggests it could then roll over and head toward a longer-term bottom. The 50-month exponential moving average continues to act as resistance, having rejected two breakout attempts since mid-June. ✅Additional macro background Japan and South Korea recently intervened in currency markets, while the Bank of Japan held interest rates steady; the US Federal Reserve had also kept rates unchanged earlier. Crypto trading activity increased during the sharp moves in the South Korean stock market, highlighting the growing link between crypto liquidity, regional equity positioning, and broader technology-sector sentiment. ---------------- Plan accordingly & Choose wisely ✨May your life radiant with Bitcoin✨ bitcoin:native
Chiutoshi Echomoto【₿=∞/21M】Share
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