Crypto Market Analysis 7.30 Expected Rate Cut in September, Intraday Weak Rebound The market widely expects the Federal Reserve to cut rates in September. However, a key question remains about the July 30-31 FOMC meeting: How clear will the signal be? Economist Anna Wong and others believe that the July meeting communication will only provide a preliminary hint of a rate cut in September. Fed Chairman Powell may indicate that if data develops as expected, a rate cut will occur. The main reason is that there is still a lot of data to be released before the September 17-18 FOMC meeting, including two inflation and employment reports, which could change significantly. The clearest hint of a rate cut in September will likely come at the end of August when Powell speaks at the Jackson Hole Central Bank Symposium, as he will have more employment and inflation data by then. Trump's speech aligns with industry expectations, but the market may need a bigger catalyst for a significant breakthrough. This catalyst might emerge as the US election approaches when promises and policies become clearer. Daily Level Analysis Daily Level: A rapid rebound, still in an uptrend. Major support is around 63,300, with recent daily support at 65,400. Upper resistance is around 68,500. 4-Hour Level Analysis 4-Hour Level: The trend remains upward, with a short-term pullback to the support area. Upper resistance is around 68,200 and 67,300, with lower support around 65,300. If it breaks, watch around 63,300. Intraday Analysis The recent sharp drop in Bitcoin is normal, mainly due to US political uncertainty. The tug-of-war between Trump and Harris, along with Harris's lack of experience and anti-crypto stance, makes her victory unlikely. However, this still heavily impacts the crypto market and stock market, leading to potential liquidation events.