0730 Bitcoin/Ethereum market report 📢📢📣📣 #以太坊十周年#

Before the Federal Reserve's key interest rate decision is announced, Bitcoin's price remains stable, hovering around $118,000, awaiting further direction.

From the daily chart perspective, the daily closing prices clearly show a fierce battle between bulls and bears in the $117,000-$119,000 range. Bitcoin is currently trading around $118,100, and although there has been a slight rebound, the overall momentum remains weak. ET-F continues to flow out, and large holders are gradually taking profits and retreating above $118,000 (Bitcoin futures open interest has decreased to $86.6 billion, at a relatively low level, while Ethereum's open interest is far higher than Bitcoin's). Additionally, the strong rebound of the US dollar and the hawkish expectations from the Federal Reserve (current inflation rate is 2.7%, above the target) are macro factors that suppress the valuation of risk assets and hinder Bitcoin's upward potential.

✅✅Operation suggestions: If the price stays within the range of $115,000-$119,000, a high sell low buy strategy can be adopted; Short strategy: consider shorting with a light position at $118,200-$119,000, targeting $116,800, and setting the stop loss around $120,300; Long strategy: consider buying in batches within the range of $115,500-$116,000, targeting $117,500, and setting the stop loss around $114,700.

Important reminder: This article is for readers' reference only and should not be used as an investment basis!!!