Real-time Hotspots in the Crypto Circle
Hong Kong's "Stablecoin Regulation" Set to Take Effect
: On August 1, Hong Kong's "Stablecoin Regulation" will officially take effect, marking the world's first comprehensive regulatory framework for fiat-backed stablecoins. The Hong Kong Monetary Authority will begin accepting license applications, which may bring new development opportunities to the virtual currency market.
Federal Reserve Meeting in Session
: The Federal Reserve's July meeting is currently taking place in Washington, D.C. It is widely expected that the benchmark interest rate will remain in the range of 4.25%-4.50%, but the market is paying attention to whether it will signal a rate cut in September, which could have significant implications for the crypto market and other financial markets.
Bitcoin Hits Historic Highs and Related Impacts
: Bitcoin has repeatedly set new highs, once again approaching the $120,000 mark. This is partly due to increased global macro uncertainty, leading funds to seek diversified allocations, with cryptocurrencies attracting some of that capital. Additionally, regulatory scrutiny of the crypto market in multiple countries has further institutionalized the market, drawing in institutional funds.
Ethereum Viewed Favorably by the Market
: Ethereum has shown strong performance recently, surging nearly 60% in the past month. This is attributed to the U.S. passing key crypto legislation known as the "Genius Act," and large investors in Ethereum continuing to buy. Some analysts predict its price will reach $4,000 by the end of July, with potential to hit between $10,000 and $15,000 by the end of the year.
Seize the Best Trading Opportunities
Bitcoin
: According to the provided information, Bitcoin rebounded after dipping to a low of 116,900 in the early morning, currently trading around 117,700. The current four-hour pattern shows a downward trend, with significant pressure at high levels, and short-term downward risks remain. If the price cannot break through the upper pressure zone, consider positioning for a short; if it approaches the key support level below, a small position can be attempted for a long, but closely monitor the market, and adjust strategies promptly if a breakout signal occurs.
Ethereum
: Ethereum's movement is in sync with Bitcoin, having surged and then retreated, currently stabilizing around 3,780. The daily chart shows two consecutive bearish candles, with a complex short-term back-and-forth between bulls and bears. Due to multiple recent attempts to break through without success, a significant pullback is expected in the future. In the short term, a bearish approach may be prioritized, looking for suitable opportunities to short, but also be cautious of market changes to prevent trend reversals.
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If you are feeling lost—unsure about technology, unable to read charts, not knowing when to enter the market, unsure about stop-losses, unclear about take-profits, randomly increasing positions, getting stuck while trying to catch the bottom, unable to hold onto profits, missing market opportunities… these are common issues for retail investors. But don't worry, I can help you establish the right trading mindset. A single profitable trade is worth more than a thousand words, and finding the right direction is better than repeated failures. Instead of frequent trading, it’s better to strike accurately, making each trade more valuable. If you need real-time guidance, you can scan the QR code at the bottom of the article to follow my public account. The market changes rapidly, and due to the timeliness of reviews, subsequent trends will be based on real-time layouts. I look forward to progressing steadily with you in the market.
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