0729 Daily Update: Countdown to interest rate decision, tariffs pressuring Powell, market enters a phase of divergence.
Macroeconomics: The interest rate decision will be at 2 AM on the 31st, and the market is not very friendly. First, Trump keeps pressuring Powell for a preemptive rate cut, even threatening him with renovation costs. At the same time, policies regarding tariffs are also under constant pressure, indicating one thing: after this drop, there is still optimism about the future.
The interest rate decision has become a key focus; if a rate cut is confirmed, the market will continue on a one-sided trend. If a rate cut is uncertain, then the market will start to adjust, and after the adjustment ends, it will continue to rise—everything will be fine.
$BTC 's opinion: BTC is still acceptable to me now, with a chip price around 117600, pressure coming from above 120000. The overall market shows some divergence, but it still follows a logic of oscillation.
$ETH 's opinion: Ethereum is the focus; the chip position of Ethereum clearly tells everyone that its cost for this round is around 3720. Yesterday, dropping below 3850 roughly indicates it is no longer showing strong rising logic. So today, the support is around 3750, and the pressure is between 3800-3780. Let's see when this position will stabilize, then Ethereum will primarily focus on a slightly bullish oscillation.
I have bought $ICP of altcoins, roughly 5% point of pork trotters to eat and then run. Ethereum around 3735 cost has not moved, today I'll see if I need to consider following along with a portion of the swing. #上市公司加密储备战略 #ETH重返3800