
Phyrex|May 18, 2025 20:21
Today's homework is a little difficult. BTC's price has risen and fallen by more than 2000 dollars over the weekend. Although it is not completely certain, I think it has a lot to do with Besant's live interview with CNN. On Friday, after Moody's lowered the credit rating of the United States, Besant, who replaced Yellen, will go out to work. Because the downgrade mainly refers to the problem of American debt, Besant's answer is also very direct.
The U.S. economy will continue to grow stronger, and the growth rate of the U.S. GDP will continue to exceed the growth rate of debt. Especially after Trump's new tariffs were introduced, more and more countries have begun to give more preferential tariffs to the United States. After all, Trump has raised tariffs and increased the income of the United States.
Besant also emphasized that Trump's trip to the Middle East will bring US $2 trillion in committed investment, which will strengthen US employment and innovation. Besant's speech still resonated with some investors at the weekend, and it is also because of the low liquidity at the weekend that BTC entered a cycle of drawing doors. But whether Besant's speech can play a substantial role, or whether American investors have digested the negative effects of Moody's downgrade, depends on Monday.
Looking back at the data of Bitcoin, today's ups and downs did not bring much change. Although the turnover rate has slightly increased compared to Saturday, it is still at the normal level of the weekend. Whether it is due to Besant's speech or not, it did not bring too much reaction from market investors. The price changes were driven by the low liquidity, rather than the narrative change of BTC itself, or the new positive or negative news in the market.
Because the turnover rate is still very low, there is no new change in the current support. After struggling for half a day, the support range from $93000 to $98000 is still the strongest at present. The chips around $82000 have already left, and it is estimated that in another week, these investors will have to leave. Those who stay are likely to become long-term holders.
However, investors around $102000 are still mainly short-term investors, and even if they accumulate a large amount of chips, it is difficult to form a support level in the short term.
This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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