The release of the Federal Reserve meeting minutes at 2 AM triggered a decline in the two major cryptocurrencies, which had a certain impact on the market, causing Bitcoin to drop to 113200 and Ethereum to 4261. The impact was not significant, and it quickly rebounded, indicating that macroeconomic policies and interest rate expectations in the traditional financial sector can still rapidly transmit to the crypto market. The position of the 'Duo Meat' laid out yesterday also hit the ideal spot precisely.
In the future market, attention should be paid to 112000, which is seen as a support level. If it breaks below, it may trigger further declines. Conversely, if it can stabilize at the current level and break upwards, market sentiment may improve.
Currently, after the previous adjustments, Bitcoin is gradually recovering, with both the lower and upper levels moving up synchronously. However, attention should still be paid to potential pullback movements; at this time, the overall direction can be treated with a 'Duo' approach.
Around 113500-114000 'Duo', looking at 115000-116000 around #美联储7月会议纪要 #加密概念美股普涨 #BNB创新高 $BTC $BTC