📉 Encryption market analysis 7.31 📉 Weekly level: BTC weekly chart forms a double bottom, the market is gradually approaching the rate cut expectation. Master Powell's Tai Chi summary of the press conference: the market's expectation of a rate cut is reasonable, and the earliest rate cut could be in September; inflation is decreasing more than expected and is expected to develop towards 2%. Daily candlestick level: BTC is approaching the support at 63500, short-term decline can be foreseen, but the long-term trend cannot be ignored. Upper resistance: 66600. 4-hour level: The market is rapidly declining, there is a rebound demand, but it is still in a downward trend. Upper resistance: 64500, 65000; bottom support: 63800, 63500. Intraday level: US political uncertainty caused a major decline in BTC. The game between Trump and Harris intensified market fluctuations. Powell's indecision led to the market approaching collapse. The market found significant support near 63500. The intraday trend is mainly downward. Wait for candlestick clarity before getting on board. Bottom support: 63800-63500; upper resistance: 64500, 65500. Stay calm in the spot market and safely get through this difficult time. #CryptoAnalysis Bitcoin #MarketTrends Powell Press Conference #Inflation Interest Rates #BTC Crypto News #FinancialStability