Crypto Industry News:
Under a new Google policy that took effect on August 3, companies that offer stock exchange services and cryptocurrency wallets can advertise their products again.
Google is re-running ads from these entities after its updated policies for financial products and services went into effect yesterday.
The international giant banned cryptocurrency and ICO-related advertising in June 2018. The updated policy allows regulated crypto entities to advertise their services again. However, this does not apply to ICOs.
A change to Google's cryptocurrency advertising policy was first announced in June and states that "advertisers offering cryptocurrency exchanges and wallets" targeting US consumers can advertise their services and products if they meet certain requirements.
This move will provide additional sales to Google's parent company, Alphabet, although crypto advertising will likely be just a drop in the ocean of $ 147 billion in ad revenue for the company.
Technical Market Outlook:
The BTC/USD pair has bounced from the 38% Fibonacci retracement located at the level of $37,351 and is trading above the technical resistance seen at the level of $39,413. The next target for bulls is seen at $40,454 and $41,479. The momentum is neutral-to-bullish, so the bounce might continue any time soon.
Weekly Pivot Points:
WR3 - $53,201
WR2 - $47,804
WR1 - $45,105
Weekly Pivot - $39,794
WS1 - $37,184
WS2 - $31,598
WS3 - $29,174
Trading Outlook:
The bulls are still in control of the Bitcoin market, so the up trend continues and the next long term target for Bitcoin is seen at the level of $70,000. The next mid-term target is seen at the level of $47,000. This scenario is valid as long as the level of $30,000 is clearly broken on the daily time frame chart (daily candle close below $30k).
比特幣在11萬美元左右遇到了顯著阻力,近期內很難輕易突破這一水平。以太坊同樣面臨攻上2,600美元的困難。
受惠於有利的宏觀經濟條件,比特幣和以太幣的價格再次上漲,達到每週新高。在過去的24小時內,比特幣上漲了2.5%,交易價格超過109,000美元。
比特幣延續其修正,在今天的亞洲交易時段達到新的水準$105,000。以太坊也出現大幅下跌,但隨即被買回,穩定在約$2,425。
比特幣未能守住$108,000的關口,跌至較為可接受的$107,000左右區域。以太坊也在月底顯示出疲弱跡象,無法保持在$2,500上方,回落至$2,460。
加密貨幣市場顯示出強勁的信心。鑑於其與美國股市的相關性——歷史高點不斷刷新——有理由期待數位資產進一步增長。
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