API heating oil inventories in the U.S. for the week ending August 1

$ITG 10x ♥️ 43k -> 420k so far.

Moon that. $ITG

Crypto Assets and Blockchain technology are gradually changing the global political and economic landscape, enhancing transparency and efficiency. Despite facing challenges such as technical complexity, security, and legal barriers, their influence is growing day by day, and they have become an important force driving global change.

The co-founder of Ethereum pointed out that the encryption industry has entered a new stage of development, with significant improvements in transaction fees and confirmation times, and Layer 2 solutions enhancing security. He emphasized the importance of digital robustness and looked forward to future technological improvements in the Ethereum Mainnet to meet mainstream adoption needs.

Recently, the Bitcoin market has shown some interesting changes in technical indicators. From the hourly chart perspective, the MACD indicator has formed a golden cross pattern below the zero line, which is a signal worth following. The continuous narrowing of the green energy bars suggests that market momentum may be about to shift. At the same time, the KDJ technical indicator has formed a golden cross pattern at a low level and is beginning to diverge upwards, which further confirms that rebound momentum is accumulating in the short term. The resonance of these two indicators provides some positive clues for the short-term market direction. Based on the current technical analysis, investors may consider looking for entry opportunities in the range of 112300 to 112800. If the market develops as expected, it may advance towards the 116000 to 118000 area. However, it is important to note that the cryptocurrency market is highly volatile, and investors should act with caution and implement risk management. Technical analysis is for reference only and should not be viewed as definitive trading instructions. Before making any investment decisions, it is recommended to consider fundamentals and the broader market conditions comprehensively. Closely following market dynamics and adjusting strategies in a timely manner will be a wise move to cope with the current market environment. Whether experienced traders or novice investors, everyone should remain vigilant, continuously learn, and adapt to this rapidly changing market.