August 6th Bitcoin Market Analysis

Trump accelerates control over the Federal Reserve! Over the weekend, he nominated Kugler's successor (potential next chair), and the probability of a rate cut in September soared to 91%! Although the new voting committee may be absent from the September meeting, the expectation of a policy shift has been deeply priced in. The tariff game stabilizes, and the SEC facilitates the final link for ETH spot ETF pledging to boost the market. BTC is currently oscillating between 112,000-115,000 without breaking support, turnover rate rises but panic is limited to recent losses, early holders are as steady as a rock.

Pay close attention to BlackRock's capital movements and the implementation of U.S. tariff policies on August 7th.

Operation Suggestions:

Intraday Support Level: 111500-112000 Go Long

Intraday Resistance Level: 115500-116000 Go Short

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