Last night, the market was turbulent. BTC once bottomed out at $65,700 at 2 a.m., but then quickly rebounded, showing the strong resilience of the market. So, how will the market perform this week? How should we operate? 🤔
This week's focus event: Double good news! 🌟
Bitcoin Conference 🗣️Time: July 25 (Thursday) Highlights: Trump will make a final appearance on the last day and give a speech. He is expected to support BTC, claiming that he wants to make the United States the leader in the cryptocurrency industry and support wallet self-custody rights. This is undoubtedly a shot in the arm for the currency circle, and the positive signal is obvious.
ETH ETF News 🚀Expectation: There may be news about ETH ETF this week, but it is necessary to pay attention to the market psychology of "buy expectations and sell facts". The positive may turn into short-term negative after it is realized.
Operation strategy and risk warning: 📈📉
Current price: BTC is now at $68,000, just one step away from the previous high, and the upward pressure is huge. Altcoin risk: The more BTC rises, the more we need to be vigilant about altcoin risk. Position management: Given that the Mentougou incident is not over, it is recommended to maintain a position of no more than 50%, and respond to market changes with a flexible attitude of attacking and defending. Mentality adjustment: If you decide to take a heavy position, you must do a good job of risk management, stay calm during the decline, and avoid emotional operations. Hedging strategy: For friends with heavy positions, you can consider opening some BCH short orders to hedge the potential risks brought by the Mentougou incident.
Economic data focus: 📊
PMI data: released at 21:45 on Wednesday, negative if higher than expected, positive if lower than expected. PCE data: released at 20:30 on Friday, also following the above logic.
Market outlook: 🔍
The current market generally expects a rate cut in September. If the economic data performs poorly, both US stocks and BTC may be under pressure. Therefore, we need to remain vigilant and respond flexibly to market fluctuations.
Summary: 📝
The market this week was affected by multiple factors, with both positive and potential risks. Be cautious in operation, control positions reasonably, pay attention to important economic data and market news, and adjust strategies flexibly. I wish you all a smooth trading this week! 💪
