Good morning, crypto friends! ☀️ I am Wang Yibo! Today is Thursday, July 31, 2025, the last day of July, and we are about to welcome a crazy August! Iron fans, come check in 👍, and those who like will make a fortune 🍗🍗🌹🌹

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Federal Reserve Policy Becomes the Focus, Crypto Market Faces "Heaven and Earth Needle"

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Last night's financial market was quite dramatic. Although the interest rate decision was as expected, the main players staged a "Heaven and Earth Needle" market, with sharp spikes in U.S. stocks, the crypto market, and gold. Even though the final prices did not change significantly, many people lost their positions, highlighting the high risk and uncertainty in the crypto market once again.

The Federal Reserve maintained the current interest rate as expected; however, Powell took a strong "hawkish" stance at the press conference. The FOMC statement and key points from Powell's press conference clearly indicated: maintaining the interest rate unchanged and no decision has been made regarding the September rate. This news undoubtedly brought negative effects to the crypto market, leading to a widespread decline 📉.

Bitcoin rebounded strongly after briefly breaking below the 116,000 mark, while Ethereum also started a V-shaped recovery after dropping below the 3,700 level. This once again confirmed the powerful impact of news on the crypto market. By following Yibo, you can grasp these real-time dynamics and seize opportunities in the rapidly changing market.

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Bitcoin: Rebound Fails to Change Weak Pattern

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Bitcoin fluctuated upward to around 118,700 during the day yesterday but then began to decline. Influenced by news in the early morning, it successfully broke below the 116,000 mark but did not continue the downward trend. From midnight to morning, bulls welcomed a strong rebound to recover lost ground, starting from last night's 115,700 level and currently rebounding to a high of 118,512.

From a technical analysis perspective, on the four-hour level, the price is showing an orderly downward channel, with rebound highs gradually decreasing, indicating that bulls are losing strength. Each rebound has failed to break through key resistance, and bears are clearly in control, with a complete downward structure. Looking at the one-hour level, the short-term rebound has not changed the weak pattern. Although there was a four consecutive bullish candles recovery after a large bearish candle, the price is still constrained near the lower Bollinger Band, and the MACD dual lines are below the 0 axis, indicating that the current rise is merely a technical correction, not a trend reversal signal.

For Bitcoin operations, caution is needed in the short term regarding rebounds, and blind chasing of long positions is not advisable. If subsequent rebounds fail to break through key resistance levels, it may face downward pressure again. Investors should closely monitor price changes and manage risk effectively.

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Ethereum: Short-term Strong, Beware of Resistance and Pullback Risks

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Ethereum was overall in a volatile tug-of-war during the day yesterday, repeatedly testing the 3,830 resistance level without effectively breaking it. In the evening, influenced by news, it experienced a significant pullback, rebounding from the 3,670 level in the early morning, and then continuously rising throughout the early morning, currently rebounding to a high of 3,868.

From the four-hour chart, Ethereum shows a bullish arrangement, with the price above all moving averages and breaking through the middle Bollinger Band. The short-term trend is relatively strong. However, caution is needed regarding the resistance at the previous high of 3,885 and the risk of overbought pullbacks. If it can successfully break through the previous high, the next target could be near the upper Bollinger Band at 3,920; if a pullback occurs, attention should be paid to the support levels at 3,820 and 3,750.

In terms of Ethereum operations, short-term opportunities for rebounds can be appropriately seized, but profit-taking and stop-loss levels should be set to avoid losses due to pullbacks.

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The crypto market's battle to close out July has been quite exciting, and crazy August is about to begin, with market uncertainty still present. But as long as we closely follow market dynamics and analyze rationally, we can find the best trading opportunities amid the fluctuations. Yibo will continue to track real-time hotspots in the crypto market, helping all crypto friends move steadily forward in the crypto market!

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If you are feeling lost—don’t understand technology, don’t know how to read charts, don’t know when to enter the market, don’t know how to set stop-losses, don’t understand profit-taking, randomly increasing positions, getting stuck at the bottom, unable to hold profits, missing market opportunities… these are common problems for retail investors. But don’t worry, I can help you establish the correct trading mindset. A single profit is worth more than a thousand words; finding the right direction is better than repeated failures. Instead of frequent operations, it’s better to strike precisely, making each trade more valuable. If you need real-time guidance, you can scan the QR code below the article to follow my public account. Market conditions change rapidly, and due to the timeliness of reviews, subsequent trends will be based on real-time layouts. I look forward to moving steadily forward in the market with you.

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