CME Fed Watch pointed out that the probability of the Fed keeping interest rates unchanged by September is 0, and the probability of a cumulative interest rate cut of 25 basis points is 85.7%. The interest rate cut in the second half of this year can be said to be a foregone conclusion.

In addition, the Ethereum ETF is about to pass this month.

The interest rate cut is essentially the Fed's release of more money, and the passage of the ETF will also bring more capital inflows to the crypto market. Refer to the market after the Bitcoin ETF was passed at the beginning of this year, which has been soaring for several consecutive months.

This is the current news. The German government has no negative impact on the market. The current situation is the Mentougou incident. Today, it is said that the MA120 suppression test of BTC's high position is testing the selling pressure. In fact, this selling pressure is a negative impact from the quality, which does not affect the overall trend.