July is almost over, and the most important thing in the future is the interest rate cut.
The interest rate decision on August 1 will definitely not cut interest rates in August.
But there are also financial reports from Apple, Microsoft and Amazon this week. Let's see if it can benefit US stocks and drive the big pie $BTC .
If the speech of Federal Reserve Chairman Powell reveals the signs of a rate cut in September,
Then the market in August will get better, and it depends on whether the big pie can stand firm at 72,000.
Trump's passionate speech did not allow the big pie to break through 70,000 before, and the previous breakthroughs did not stand firm at 72,000.
If this meeting releases the news of a rate cut in September, but it cannot break through, it is likely to go sideways at a high level.
It is expected to fluctuate and fall as September approaches. You can look at the market in July 2019. That month was the first rate cut. You can check the BTC and US stock market reflections at that time.
A rate cut does not mean that there will be liquidity to buy immediately.
If it is conveyed that there is a high probability that there will be no rate cut in September, and it is expected to be delayed until November, then August will still fluctuate widely. Just like the previous 6 or 7 months.
