Bitcoin2Go|20. Juli
How Much More Can Bitcoin & Stocks Take? - Don't Underestimate This Market!
Bitcoin and Stocks Under Pressure
- Bitcoin trades just above $64,000 and tests the 200 EMA (4h). The uptrend is fragile, lacking clear signals. Summer doldrums weigh.
- On-chain data: MVRV-Z Score is at a low level, historically indicating potential bottom formation. However, many indicators are currently not positive.
- Bitcoin ETF inflows: Subdued, no euphoria. Today's US market open (3:30 PM ET) is crucial.
- The finance ministry is working on a law change regarding the holding period. A draft bill is still missing. The timeline until January 1, 2026 is very tight.
- Petition for holding period at prohaltefrist.de: not yet approved, but support via contacting MPs is possible.
- The Iran-US conflict has escalated again. Oil prices rise (Brent at $88), fueling inflation.
- The Korean KOSPI is in bear market (30% correction), 1.2 million margin calls in one week.
- Chip sector (NVIDIA, Micron) sharply corrected (up to -30%), but fundamentals (AI demand, shortages) remain intact. Long-term opportunities.
- Trump Media offers an API for real-time posts – potentially market-moving and questionable.
- Short-term volatile: Ethereum around $62,000–$60,000 if Iran-US escalates. Below $58,000 would break the uptrend.
- Key events: Tesla/Alphabet earnings (Wednesday), ECB rate decision (no change expected). Fed could hike rates in September if inflation rises.
- Recommendation: Continue DCA, keep high cash reserves for dips.
