Evening analysis 📊
Important economic data delivery:
Tonight, the US second quarter real GDP data was released, and its performance exceeded market expectations. This news has a certain degree of negative impact on market sentiment. 📉
Federal Reserve Policy Outlook Adjustment:
Previously, the market held a high degree of certainty about whether the Federal Reserve would start a rate cut cycle in September. However, in view of today's economic data, this expectation has become less clear, and the market has entered a wait-and-see period. 🤔
BTC market dynamics:
Key support level warning: If the BTC price unfortunately falls below the key psychological price of 64,000 tonight, it is necessary to pay close attention to the stability of the next support level of 62,000. 🔻Bottom-picking strategy adjustment: We recommend that you consider bottom-picking operations only when the BTC price further drops below $60,000. Before that, be cautious and avoid falling into an unfavorable situation due to short-term fluctuations. 📉🛡️
Investment strategy reiteration:
Remember, it is always better to make less money than to leave the market with a loss. In the current market environment, the first priority is to ensure the safety of funds. Only by surviving in this volatile market can we have the opportunity to welcome the possible bull market in the future. 💪💼
Investors are requested to pay close attention to market dynamics, flexibly adjust strategies, and move forward steadily! 🚀
