Additionally, it is recommended to focus on several key matters:
1. On August 7, the 39% tariff imposed by the United States on Switzerland officially takes effect, which requires vigilance regarding its impact on global risk appetite.
2. On August 8 at 20:30, the United States will release the July CPI data (critical). This data will directly influence the logic of interest rate cuts in September and is the most crucial event determining the short-term direction of BTC.
Macroeconomic Situation
1. Weak retail performance in the Eurozone strengthens expectations for a rate cut by the Federal Reserve in September (short-term positive), but Trump's threat to impose taxes on the EU (medium-term drag).
2. Despite macroeconomic benefits, whales are still transferring large amounts of coins to exchanges, possibly to distribute gains; be cautious of "good news turning into bad news."
3. Copper mine shutdowns and rebounding oil prices may drive inflation, which supports BTC's anti-inflation characteristics, but could also make the Federal Reserve more cautious in lowering interest rates.
