Market Estimate for #合约挑战 : Highs and Lows

1. Bitcoin, estimated range 108500-106500, expected trend is to rise and then fall;

2. Ethereum, estimated range 2480-2420, expected trend is to rise and then fall;

3. Wednesday 19:30 - US Challenger Job Cuts

Wednesday 20:15 - US ADP Employment Change

Wednesday - US House of Representatives to vote on the 'Big and Beautiful Act' (results may come late night/tomorrow morning)

Thursday 20:30 - US Non-Farm Payrolls/Unemployment Rate (important)

Thursday 22:00 - US June ISM Non-Manufacturing PMI

【Market Analysis】

① Bitcoin and Ethereum continued to decline yesterday, but started a sharp rebound at 9 AM today. The possible reasons are - the passage of the 'Big and Beautiful Act' in the Senate, comments from US Treasury Secretary Yellen mentioning 'definitely rate cuts in September', and Trump claiming that Israel is conditionally willing to cease fire with Gaza, leading to a market sentiment of easing in the Middle East situation and optimism about future market loosening, which contributed to the sharp rebound in US stock index futures and cryptocurrencies.

② Tonight, the revised 'Big and Beautiful Act' will return to the House of Representatives for a vote, and if passed, it should continue the upward trend; if not passed, the market may experience a significant drop. The timing of the vote results is uncertain, expected to be late night to early morning.

If passed, it should continue to promote an increase; if not passed, it may lead to a significant drop;

③ Before the results are out, expect a rise and then fall in the first half of the night; in the second half of the night/tomorrow morning, watch how the vote results dictate the upward or downward direction.

💣【Strategy】

Focus on buying low.

Tonight's event-driven situation may lead to a significant rise or drop.