GM! ☕️ A new week has arrived! Bringing you this week's [#Bell Monday Report], let’s take a look at what points of interest we have this week, and everyone is welcome to leave comments for discussion!
[Conclusion First]
This Thursday morning, the U.S. will hold an interest rate meeting, and it has basically been set that there will be no rate cut in July. The main focus will be on the Federal Reserve's press conference regarding the economy and rate cuts related to September.
Currently, the overall market is gradually settling with the tariff issues, and uncertainties have been largely eliminated, providing a good growth foundation for risk market development.
$BTC Last week, the price retraced to $115,000. In the short term, it can be determined that a new range between $116,000 and $120,000 is gradually forming. Friends who like to trade within a range can slowly enter the market. For players who enjoy trading blue chips or MEME stocks, as long as the $BTC price remains stable at a high level, there will be more trading opportunities available.
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[Detailed content starts here]
This Thursday morning, the interest rate adjustment for July will be announced. Currently, the market's probability of not lowering interest rates has reached 96.9%. The focus of this meeting should be on the Federal Reserve's press conference regarding the economy in September and related rate cut explanations. Basically, as long as it does not exceed market expectations too much, it would be positive for the overall development of the risk market.
The United States and the European Union have reached a tariff agreement, concluding with a relatively low 15% tariff and investment in the U.S. U.S.-China tariffs also seem to announce an extension of the negotiation period, but as major economies such as the EU and Japan have successively reached tariff negotiations with the U.S., the overall market has gradually gotten rid of the shadow of tariff news.
Sosovalue data shows that the current Fear and Greed Index remains in the 'Greed' range. The market capitalization of stablecoins continues to grow steadily, and the inflow of ETF funds has started to gradually slow down. Option volatility has slightly increased; the ∆25 Skew data continues to show a slightly bearish trend, and the long leverage positions of green leaves have not changed significantly.
$BTC price is currently forming a new range between $116,000 and $120,000. From the perspective of trading volume distribution, there are three strong support zones below: one is $116,000, which is the bottom position of this new range; another is between $104,000 and $106,000; and the last one falls between $92,000 and $95,000. Looking at the liquidation map, the accumulation speed of short-term bulls has started to exceed that of bears, with significant liquidation values accumulating between $115,000 and $104,000~$106,000. If this accumulation continues significantly, it could attract prices to liquidate downwards.
