7.14 Rate Hike Cycle 1. South Korea's central bank meeting on July 16 is widely expected to raise rates by 25BP. The probability of the Fed raising rates once this year has already reached 70%. 2. The storage sector has seen consecutive sharp drops recently but is still in a bull market, presenting decent entry opportunities. 3. My long-term view on BTC is that 60K is not the bottom but the mid-point. After repeated fluctuations, it will eventually follow the stock index into the final bear market, with potential to halve again.