Bitcoin: Macro Asset Status Highlighted by Justin Sun
Bitcoin at $79434.46 shifts to global macro asset as TRON builds stablecoin infrastructure for digital dollars at Bitcoinconfasia.
SourceAnalysis
Bitcoin is becoming a global macro asset while TRON accelerates stablecoin infrastructure for digital dollars, according to Justin Sun at Bitcoinconfasia in Hong Kong.
Price action on the 4h chart shows BTC trading at $79434.46 inside the Bollinger Bands with upper resistance at $80108.71, supported by the EMA50 at $75906.22 amid a bullish structure versus the EMA200 at $69064.11; the neutral RSI at 61.3 combined with the MACD death cross at 792.51 points to a likely healthy pullback toward the 50-EMA before any continuation higher, aligning with Bitcoin becoming global macro asset adoption trends over the past year.
Justin Sun 孙宇晨
@justinsuntronJustin Sun is the founder of TRON, BitTorrent ($BTT) owner and crypto exchange HTX advisor