The position shared yesterday made a profit, but unfortunately, it is the head warehouse! The sentiment did not continue to rise. Looking at the take-profit points shared, those who did not reach it can take some profit and continue to add positions seriously for each order given to everyone with take-profit and stop-loss points.
Today's morning analysis
The Federal Reserve's interest rate decision will be announced today, and the market is betting on policy signals.
The Federal Reserve will announce its interest rate decision today. Although it is widely expected to maintain the rate in the range of 4.25%-4.50%, traders are highly concerned about whether it will release dovish signals (such as hinting at a rate cut in September). If the statement is dovish, it may push BTC to break through the $120,000 resistance; if hawkish, it may trigger selling pressure testing the $116,000 support.
The White House's cryptocurrency policy report will be released today, and regulatory trends are being watched closely.
The U.S. White House is scheduled to release a cryptocurrency policy report today, which is expected to disclose the government's Bitcoin reserve management strategy and propose regulatory frameworks for stablecoins. If the report releases positive signals (such as clarifying compliance pathways), it may boost institutional confidence; if the stance is tough, it may exacerbate short-term volatility.
Demand from U.S. investors cools, with a surge in exchange inflows.
On-chain data shows that the Coinbase premium index turned negative for the first time in two months, indicating weakened demand from U.S. buyers. At the same time, over 30,000 BTC recently flowed into exchanges, setting a recent high, indicating potential selling pressure. If buying interest in the Asian market does not support it, BTC may face pressure to fall back to the $116,300 support area.
Trade points
My view is still bearish because the four-hour closing line shows a lower low again. Those who want to go long can also consider a short position; this point is neither up nor down, just wait and see. Today's points remain unchanged from yesterday; continue to add to the short position, but the take-profit point has changed.
