July 25th Midday View
1. Bitcoin, expected range 114500-117500, anticipated pullback after a decline;
2. Altcoin, expected range 3580-3680, anticipated pullback after a decline;
3. Friday 04:00 Trump visits the Federal Reserve
【Market Analysis】
1. Both Bitcoin and Altcoin have surged and then retreated, currently in a correction phase after a daily-level upward trend.
2. Altcoin has seen significant gains previously, and caution is advised for potential profit-taking leading to a brief sharp decline.
3. At 4 AM, Trump visits the Federal Reserve, directly asking Powell to cut interest rates. However, Trump has made similar requests multiple times before, so this request was expected, and the market did not rally as a result. On the contrary, due to the inability to move upward, Bitcoin triggered profit-taking from bulls, leading to a decline.
4. From July 27-30, the Chinese side will hold economic and trade talks with the US in Sweden.
5. No significant data/events today, expecting the market to enter a narrow range fluctuation phase. Anticipating oscillating trends today.
【Strategy】
Short at the upper edge of the range, long at the lower edge.
If a sharp decline occurs, can consider buying the dip.
