Bitunix analyst: The market awaits the FOMC meeting statement, BTC remains stable in the support range, and short-term pressure is still focused on the 120,000 mark

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On July 30, a rare 30-year interest rate policy disagreement emerged within the Federal Reserve. Board members Waller and Bowman tend to favor an immediate 25 basis point rate cut, emphasizing labor market risks and short-term inflationary effects from tariffs, but the market's mainstream members still lean towards maintaining current rates. Multiple institutions point out that this disagreement will become an important observation point for policy direction in the coming months.


In the crypto market, BTC has recently maintained oscillation between 116,000 and 119,000, with support below 117,000, while selling pressure is concentrated in the 119,000 to 120,000 range, creating resistance to upward movement. Price volatility is influenced by market expectations of a potential Federal Reserve policy shift.


Bitunix analyst recommendations:
Policy disagreements intensify short-term market uncertainty, and BTC is expected to continue oscillating. Investors are advised to closely monitor the current consolidation range's high and low points and wait for clearer policy signals before repositioning.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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