Lab Daily on July 31:

1. The draft bill shows that the US strategic Bitcoin reserve will be partially funded by revaluing the Federal Reserve's gold;

2. The Federal Reserve, the Bank of Japan and the Bank of England will all announce key interest rate decisions this week;

3. Goldman Sachs analysts: The FOMC may revise its statement, expecting the first rate cut in September and then quarterly rate cuts;

4. Glassnode: 59,000 of Mt.Gox's 142,000 BTC have been distributed through Kraken and Bitstamp;

Data: More than 41.5% of Mt. Gox's Bitcoin has been distributed, but creditors continue to hold it instead of selling it;

5. Grayscale: 10% of GBTC's base Bitcoin will be split into mini trusts, resulting in a net value 10% lower than the previous day;

Market:

Bitcoin's weekly trend has a correction trend, and the daily line is still in the middle track. I hope it can hold around 6.6.

I don't want to make too many adjustments to the bullish target, but everything follows the market.