There are two major events this week, both of which are positive.
(1) A Bitcoin conference will be held on Thursday, July 25. Trump will attend and give a speech on the last day. Trump will call for BTC, saying that he wants to make the United States a leading country in the cryptocurrency industry and support everyone's wallet self-management rights, etc. In principle, it is good for the cryptocurrency circle.
(2) ETH ETF, there may be news this week. Buy expectations and sell facts. The release of positive news may be negative news. The current BTC price is $68,000. If it rises another 10%, it will reach the previous high. The pressure is still very high. The more BTC rises, the greater the risk of copycat.
In addition, the Mentougou incident has not been completely handled. It is recommended to hold 70% of the position and keep a backup plan, so that you can attack or defend. The long-term outlook of the cryptocurrency circle is definitely optimistic, and there are still some negative factors in the short term. If you have already all-in, you must bear the risk of all-in. Don't lose control of your mentality, don't curse, and don't sell at a loss. Returns and risks are always positively correlated.
There are two major economic data releases this week, both of which are higher than expected, negative, and lower than expected, positive.
PMI data released at 21:45 on Wednesday
PCE data released at 20:30 on Friday
Currently, the September interest rate cut has become the mainstream market view. If the data is negative, both US stocks and BTC will be hit, but judging from various data, the September interest rate cut seems to be a foregone conclusion.
