🌞🌞Good morning, brothers
🔥🔥On July 31, Hao's accurate market analysis is as follows:
Key signals were densely released last night:
The U.S. second quarter actual GDP and "non-farm payroll" data both exceeded expectations, directly lowering the probability of interest rate cuts.
The Federal Reserve has kept rates unchanged for the fifth consecutive meeting, and it is even rarer that - two governors nominated by Trump voted against, marking the first break in consensus on a resolution in 30 years.
After the data was released, the market quickly dipped, with BTC precisely touching our predicted level near $115,000. The main force took advantage of this to complete a washout (quickly absorbing funds after bottom liquidation), and then quickly regained lost ground, currently bouncing back to the range of fluctuations.
Looking at the big trend through short-term volatility:
The U.S. may have passed the most pressured stage of the trade war, having reached a comprehensive trade agreement with South Korea yesterday.
Coupled with institutions continuously buying BTC, under tight supply and demand conditions, the expectation of hitting $150,000 in August-September remains.
Altcoins still follow BTC fluctuations: rising when BTC is up, weak during pullbacks, operation-wise, it is recommended to focus on swing trading.
Large capital allocations still prioritize core assets like BTC and ETH for higher certainty.
In the fog of the market, grasping the trend is more important than chasing volatility - understanding the logic of capital will prevent being misled by short-term rhythms.
