July 19 BTC Market Analysis + Today's Encryption News

Last night's market adjustment showed overall stability, with multiple rebounds occurring after testing the first support level on the four-hour chart, indicating strong buying power below.

Currently, the daily support for BTC is at 117000, which has not been broken. The bullish structure is still in place, and it is still in the four-hour correction phase.

Key points to pay attention to in the short term:

• Rebound resistance level: 118800 (key resistance at four-hour level)

If the four-hour closing line breaks this level, it is considered the end of the pullback, and the market is expected to continue rising.

• Target resistance above: 121000 / 122000 / 123300, set pressure progressively, can serve as short position or take profit reference.
• Key support below: 116700 / 115700, as long as it doesn't break the previous level, it remains a healthy pullback, and the support highs and lows can still be used for intraday high selling and low buying.

Operation Suggestion:
Before the rebound stabilizes above 118800, the overall rebound strength is relatively weak, and we should be cautious of a pullback after a rise.
Within the day, one can make light short-term layouts around support and resistance levels, with both long and short positions requiring strict control over position size and risk.

📊 Market Data Briefing:

• Liquidations across the network in the past 24h: $560 million
• Total contract positions across the network: 19.945 billion USD
• Total transaction volume: 415.75 billion USD

🧨 Cherish life, stay away from heavy contract positions!

📰 Today's Top 10 Encryption Events:

1️⃣Tether CEO: Will promote the compliance of USDT to enter the United States

2️⃣U.S. SEC Chairman: Stablecoins fall under the purview of banking regulators.

3️⃣WLFI invested $200,000 to purchase BANK, TAG, EGL1, LIBERTY, B

4️⃣James Wynn: BTC.D rebounds, the altcoin season may be temporarily paused.

Bit Digital increased its holding of 19683 ETH, raising its total holdings to over 120,000 ETH.

6️⃣Ethereum's market value surpasses Costco, rising to 29th place in the global asset market capitalization ranking.

7️⃣The initial value of the one-year inflation rate expectation in the US for July is 4.4%, expected to be 5.00%, previous value 5.00%.

8️⃣ Two newly created addresses withdrew 22,434 ETH from Kraken, worth approximately 795 million dollars.

9️⃣JD Coin Chain Technology: JD stablecoin has not been issued, all trading platforms JD-HKD/USD are counterfeit.

🔟Bitcoin spot ETF saw a net inflow of $363 million yesterday, while Ethereum spot ETF had a net inflow of $402 million yesterday.