#美联储利率决议

7.31 Morning Market Overview: Powell's Hawkish Remarks Indicate No Rate Cut in September

BTC closed with a doji this morning, with high and low points decreasing for three consecutive days; will the end of the news cycle bring a market rebound?

This morning, Powell's speech did not indicate that the job market is stable and that a rate cut in September is necessary; upon hearing this, BTC saw a spike down to 11.57, then began to rebound; yesterday, the short position at 11.83 gained approximately 1300 points, while the long position was stopped out by the spike.

The 4H BTC shows a divergence in volume and price, with a bullish MACD divergence, and there is also a bullish deep sea crab pattern emerging. If it completely forms the deep sea crab, the D point could reach near the previous high of 12.33, indicating that BTC might experience a second rebound; the pattern may not necessarily occur, but it can serve as a reference for market trading trends.

BTC is under pressure from a descending trendline; today, trade around the trendline during the day; wait for a right-side breakout and stabilization at 11.85 to go long, targeting 11.97, with a stop at 11.76; 11.81 is the 618 position of this trend, wait for a right-side breakout of the trendline before falling back to create a false breakout to go short, with a stop at 11.9, targeting 11.72 and 11.67.

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