🌞🌞🌞Good morning, it's a new week again!
Trump's reciprocal tariff effective date has been delayed by a week to August 7.
This week, the Federal Reserve faces significant variables, with two board members opposing interest rate cuts and one board member resigning.
The resignation of this board member benefits Trump, allowing him to appoint one of his own people in advance, which means there will be three loyalists in the Federal Reserve, making future interest rate cuts more achievable!
This round of decline is also influenced by the escalation of international conflicts. In addition to the U.S. deploying two nuclear submarines near Russia, Putin announced that the mass production of the "Hazel" missile has been delivered to the troops and will be deployed in Belarus. Germany has delivered two sets of Patriot systems to Ukraine.
Currently, Bitcoin's daily chart has reached a critical position again. Can this position lead to a direct micro reversal? We need to observe whether it can stabilize above 114000; if it maintains oscillation above 114000, it will reach 116500. The short-term resistance remains strong, and on the daily level, it is unable to break the previous high. Pay attention to the divergence on the higher daily level, with resistance at 115300-116000 and support at 114000-113200.
At the current position of Ethereum, we need to pay special attention to whether it can stabilize at 3624 on the daily level. If it cannot stabilize and moves around below 3624, we should observe a retracement trend on the daily level. It depends on whether the current four-hour trend can drive the performance on the daily level, with support at 3510-3447-3380 and resistance at 3578-3624-3624.
In the crypto world, if you don’t have a good circle and first-hand information from the crypto space, I suggest you follow me, and I will help you get on board. Welcome to join the team!!!
