7.31 Midnight Bitcoin Auntie's Market Analysis

After a day of fluctuations, the market is gradually coming to an end. At 2 AM, the Federal Reserve's interest rate decision will be announced, which will trigger a new wave. Please ensure proper risk control! Today's Bitcoin rhythm remains so familiar, rebounding from a low of 117,000 to a high of 118,800, oscillating between these two points, and the tug-of-war market is entering its final phase, with a one-sided trend about to arrive, and I personally expect a breakout with no upper limit!

From the overall structure of the current market, it shows a daily-level high-position consolidation trend and is in a horizontal repair phase. For this rhythm, I have emphasized several times before that its essence is waiting for the follow-up of immediate indicators, which is a typical 'exchanging time for space' trend. Looking back at the previous market performance, there have been several attempts to test the lows with downward spikes, but none have managed to form a trend continuation, indicating that the bearish momentum has been largely exhausted. Overall, it is highly probable that the future market will usher in a one-sided upward trend.

Bitcoin can be bought around: 117,000 - 117,300, target: around 118,900 - 119,600

Auntie's can be bought around: 3,755 - 3,725, target: around 3,850 - 3,900 $BTC $ETH