Yesterday, Bitcoin broke through 70,000 USD and then plunged downward, reaching a minimum of 66,428 USD. Ethereum remained above 3,300 USD and traded sideways, while SOL remained above 180 USD. The market had different opinions on the trend of Bitcoin yesterday. The experts of moving average and K-line theory believed that Bitcoin broke through 70,000 USD and then quickly plunged downward, which was the result of institutional dealers using the Trump effect to increase shipments.

Some analysts believe that the trend of Bitcoin yesterday was a tentative trend to break through 70,000 USD. As the Fed’s interest rate meeting is about to be held on the 30th and 31st, the discussion on when the Fed will cut interest rates has risen again. On August 1, the Fed will announce the interest rate decision, and then Fed Chairman Bao will give a speech. Experts generally expect the Fed to cut interest rates in September, so the correction of Bitcoin at this moment is normal. KP92877 is reserved. In terms of operation, it is recommended to pay attention to changes in the news and pay attention to sectors and currencies with narratives.