A friend asked me why BTC has risen independently again today, and whether there are any new positive news. However, in fact, if we compare Bitcoin and US stocks such as the Nasdaq, BTC has only returned to the level of June 17th, while the Nasdaq has broken through its historical high today. So essentially, it was the Middle East war last weekend that caused BTC's decline and has not fully recovered yet, while the US stocks that did not open on the weekend have perfectly avoided it. By comparing the data of BTC and the Nasdaq, it can be seen that the two are still highly unified in the overall direction. According to the price comparison I drew before, the Bitcoin corresponding to the Nasdaq breaking through a new high should reach around $110700, provided that the trend of the US stock market is stable enough. At present, the war in the Middle East is not completely over, and Trump is again managing the market with his mouth. I have seen that the price of US oil has risen slightly, but it is not a big problem. Unless the war is really resumed, and the Strait of Hormuz is blocked or the scale of the war is expanded, the impact on the current market should be small. Also, in the evening, I noticed that CRCL has been falling continuously for two days, and $200 may not be able to hold on, while Coin is still on an upward trend. In my understanding, the rise of Coin should be due to the light of CRCL. Once CRCL's market value drops significantly, and it has already dropped by 30% from its high point, then Coin's market value may also be recalculated. On the contrary, the price of MSTR is still highly tied to BTC. When BTC prices rise, MSTR's trend is good, but the correlation between CRCL and COIN and BTC is still relatively low. Looking back at the data of Bitcoin, the increase in price has led to an increase in turnover rate, which is a normal behavior. It has been said many times for a long time that low prices are difficult for investors to sell their chips. Only when the price rises will the selling volume increase. Therefore, turnover rate is often not high when the price is low, and short-term investors are still the main force of turnover now. The support levels are also being talked about every day. The current two support levels are between $93000 and $98000, and between $100500 and $105000. The former is more stable, while the latter has greater volatility. The magnetic attraction effect of dense chips is still effective in this price fluctuation. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex