AL MAKKAH TECH & BUSINESS HUB

$PEPE Stay up to date with last night's update on PEPE, okay? I'm still on track with the previous analysis I shared.

The problem that Donald Trump may not run in the elections In reality, it may not have much impact, because the market does not react much to the Donald Trump situation. Please note that the "Entry Price" situation can usually make the market fall again, because the logic is that there are investors who invest with the consideration that if Trump wins it will be good news for the Crypto market. Meanwhile, the main driver of the market does not come from there, but rather: - Federal Reserve Policy - US Treasury liquidity support - BTC Halving (Supply Shock) - ETF demand (institution's money flow) So the news about Donald Trump should not be something that surprises the crypto market as a whole. And according to the information circulating, Donald Trump's sentencing will be given on July 11, perhaps even if there is an effect on the Crypto market, the impact will only be felt before or after that date.

The S&P 500 rose after the 7:30 pm news. However, upon entering the New York Open, the S&P suffered rejection again and reached the new low of the week. This condition also affects BTC, and currently the temporary consideration is that the previously published inflation numbers are considered insufficient and it is possible that one of the causes of this condition is also the PMI showing a contraction in the US market.

$BTC BTC conditions are temporary and boring, but some alternatives are trending lower today, especially Memecoin. BTC.Dominance tends to increase, indicating that there is a movement of money from alts to BTC. This condition is probably because the market wants to focus more on BTC after the consolidation of the last few days. Generally, after consolidation for a certain period of time. BTC will tend to move impulsively after that.

Based on data shared by Arkham Intelligence, the defunct cryptocurrency exchange Mt. Gox has transferred 12,240 BTC worth around $840 million to the new wallet. Following the transfer, the Bitcoin price saw a slight decline and fell below the $68,500 mark. Based on circulating speculations, the transferred assets will later be used to pay off creditors. This move comes ahead of the payment deadline set for October 31. Mt. Gox plans to repay its creditors 142,000 BTC, 143,000 BCH, and 69 billion Japanese yen. Currently, there is a total of $9.5 billion worth of cash and assets left in the Mt.Gox wallet. Market participants speculate that this massive release could trigger a sell-off that puts downward pressure on Bitcoin prices. However, experts argue that the current numerous Bitcoin maximalists can protect the market from the effects of this massive sell-off.

$USDT .Domain Temporary expectations, we expect there to be a rejection of USDT.Dominance after testing the trend line or supply zone. From here there is only one chance that the Alts will start to recover again. Good luck!!!

$BTC Time-critical updates In 7 minutes BTC will be closed to determine whether BO is valid for delivery or not. Additionally, 4H will also close to confirm that IHNS has broken out. So this could be an opportunity for the market to get back into an uptrend very, very soon. Some discussions we discussed in live streaming yesterday can also be validated more quickly. Overall, the bias is still bullish and can only be invalidated if BTC is able to reclaim the low that I marked with a pullback in the chart below.

Essentially, my long-term approach is still the same: - The Fed is reducing its balance sheet reduction rate from an average of $60 billion per month to just $25 billion per month - The US Treasury is taking steps to buy back bonds, which means there is liquidity support in the market – All this happened under the conditions leading up to the US election - Trump is relatively positive about cryptocurrencies, which means that a Trump victory will automatically be a supporting factor for the uptrend in cryptocurrencies War in the Middle East?? It has been years, and until now the market has remained cheap, only recently due to the drone attack from Iran, and even then it was only temporary, and the market has fully recovered from that effect. Mt. Gox sold?? Likewise, there was years of market panic from $30,000 BTC to now $68,000. Do you want to buy and wait for Mt.Gox to sell? Maybe, but I don't know when.

The European Union (EU) has been advised by the European Blockchain Observatory and Forum (EUBOF) to prepare for the convergence of blockchain technology and artificial intelligence (AI). The report, written by the Directorate-General for Communications Networks, Content and Technology, highlights blockchain's potential for integration with other technologies, which will drive innovation even further. EUBOF identified a strong trend regarding the ongoing convergence between blockchain and AI. Sensitive AI datasets can be securely stored via blockchain, which EUBOF said could be useful in “healthcare and financial services, where data security is paramount.” EUBOF also concluded that AI can improve the functionality of smart contracts, which can be deployed across multiple industries simultaneously.

Former President Donald Trump reiterated his support for cryptocurrencies, saying at the Libertarian National Convention that he would ensure the future of cryptocurrencies and Bitcoin is "made in the United States." Trump also said he would support "self-righteousness" and promised people to "keep Elizabeth Warren away from her Bitcoin." Trump also reiterated his promise to "never allow the creation of a central bank digital currency." Ahead of the event, Trump had also written on his social media platform Truth Social that he was "positive and open to cryptocurrency companies" and everything related to "this emerging new industry." He stated that the United States must "lead in this space" and accused President Joe Biden of wanting America to "die slowly and painfully" by creating various policies that are detrimental to cryptocurrencies and innovation in the world of digital assets.