Hello August, goodbye July.

The result of the Fed's interest rate announcement in the early morning was to maintain the interest rate unchanged, but the speech of the Fed's head, Mr. Powell, was intriguing. He said, "The interest rate cut is getting closer; it is generally believed that the Fed is getting closer to a rate cut, but it has not reached that point yet; from now on until the September FOMC monetary policy meeting, the Fed will also obtain a lot of data."

However, according to CME's "Federal Reserve Observation", the probability of the Fed's 25 basis point rate cut in September is 90.5%, and the probability of a 50 basis point rate cut is 9.5%. The probability of the Fed's cumulative rate cut of 25 basis points by November is 21.7%, the probability of a cumulative rate cut of 50 basis points is 71.1%, and the probability of a cumulative rate cut of 75 basis points is 7.2%. Based on this news and expectations, the three major U.S. stock indexes opened and closed higher.

However, the trend of the crypto market is disappointing. Bitcoin lost the 6.5W support level and Ethereum fell below 3300. However, if you pay attention to the changes in the news, you will find that as long as Bitcoin breaks upward, there will be news of Mt.Gox Bitcoin compensation, especially Trump's old rival Biden. There are reports that he will sell all the Bitcoin of the US government during his term of office. Biden's government will sell all Bitcoin before Trump takes office. The US government transferred $2 billion in BTC on Monday, which exacerbated this speculation.

The US election situation has changed. Harris's polls and approval ratings are higher than Trump's. KP92877 is retained. In general, the callback of the crypto market at this moment is due to the influence of these news. However, institutional analysts believe that such news is commonplace and the upward pattern of the crypto market will remain unchanged in August. #BTC