News:

1. The latest forecast from the Fed’s megaphone: Although Fed officials are unlikely to cut interest rates this week, inflation and labor market developments should signal that officials will cut interest rates at the September meeting;

2. Both Trump and Harris stated that they would ask the SEC chairman to resign immediately after taking office to promote the development of the crypto economy;

3. Important data and events this week;

August 1 02:00 Fed announces interest rate decision

02:30 Fed Chairman Powell holds monetary policy press conference

August 2 20:30 U.S. unemployment rate and non-farm payrolls in July

Technical aspects:

Big cake: Last week, the weekly line closed positive after a downward pin, and the market continued to rise this week, with a short-term target of 72,000 points. The daily trend closed a real positive line week on Friday, and went out of the up and down pin market at the weekend. By adjusting the technical gap, the K line stepped back on the moving average to obtain support, the trend was healthy, and continued to strengthen in the morning, and was about to reach 70,000 points. In terms of operation, it is mainly bullish at low levels. Do not chase the rise. The focus of the lower support during the day is 67500-67000, and the upper pressure is 70000-70500. Breakthrough continues to look at 72000 points!

Two cakes: Big cake and two cakes are differentiated at two levels. Last week, the weekly line closed with a big negative line, and the K line stood firmly on the 30-day moving average of 3200 points. The daily trend is oversold and rebounded. The technical trend is weak. The upper moving average is obviously suppressed. It is necessary to break through and stand firm on the pressure near 3380 to change the weak market and open up the bullish space above. Intraday operations are mainly bullish at low levels. The upper pressure focuses on 3380-3420. After the breakthrough, the short-term target is around 3530. The focus of the lower support is 3260-3230.

Shanzhai: Band operation opportunities are relatively large, mainly focusing on the Shanzhai market of the storage inscription meme sector. Spot operation opportunities can participate in the experience!

The cryptocurrency market is highly volatile, so be cautious when entering the market. This is my personal opinion, not a recommendation, just for sharing