Atlanta Fed President Raphael Bostic says the Fed still doesn't have much certainty on the ultimate level of tariff rates and the inflation-pass-through process has gotten murkier: "The diffusion of this through the economy, I think, is going to take a bit longer, and I think longer could be up to a couple quarters, even." https://wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-07-17-2025/card/economy-s-tariff-adjustment-could-take-many-months-fed-s-bostic-says-WGRQs8CigR9NFjsE0H30?gaa_at=eafs&gaa_n=ASWzDAglFBkRVxrXrQXY1GKFMQWmiqDP1U9noTk60cIY3iAOboAFXobKKjyFDwOKPnk%3D&gaa_ts=687a76b9&gaa_sig=oQSwqXOWkz2ahhIWpztW3QLgxhdQHrzNqPArC0X3i7BplMUv9I5ovQOU26qhHUDBr8h4_vUI-qrc-KyjFdC09A%3D%3DBostic…

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亚特兰大联储主席拉斐尔·博斯蒂克表示，美联储对最终的关税水平仍没有太大的确定性，通胀传导过程也变得更加模糊：“我认为，通胀传导到整个经济还需要更长的时间，甚至可能需要几个季度。”https://wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-07-17-2025/card/economy-s-tariff-adjustment-could-take-many-months-fed-s-bostic-says-WGRQs8CigR9NFjsE0H30?gaa_at=eafs&gaa_n=ASWzDAglFBkRVxrXrQXY1GKFMQWmiqDP1U9noTk60cIY3iAOboAFXobKKjyFDwOKPnk%3D&gaa_ts=687a76b9&gaa_sig=oQSwqXOWkz2ahhIWpztW3QLgxhdQHrzNqPArC0X3i7BplMUv9I5ovQOU26qhHUDBr8h4_vUI-qrc-KyjFdC09A%3D%3DBostic…

Bybit已官方成为岘港国际金融中心的一员，标记岘港在建设成为区域金融和金融科技中心方面迈出了重要一步。

Bybit数字资产交易所官方入驻岘港国际金融中心。

市场行情分析
自 11/21 以来，日线 RSI 一直处于 50 中线下方。目前观察日线 RSI，我们发现其有潜力突破 50 中线。
核心观点：
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多头信号： 如果 RSI 成功突破 50 中线，这将是一个值得做多的机会。
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双重共振： 在当前位置突破 50 中线的同时，也必然意味着价格将突破日线级别的下降均线。
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趋势转变： 一旦实现双重突破，即代表量能反转且趋势突破，从技术面来看是一个极...

喊单点位丨BTC Thread

速览机构与交易员对后市行情看法。

比特币即将选择方向？

Bostic says he's seeing more tariff-cost-sharing through the supply chain than might have been expected:
"At the beginning of this year, almost everyone thought that they would fully pass through any kind of cost increase. Today we hear a much wider range of strategies. Some are taking it in their margin, some are to—the extent possible—passing some of that elevated cost into the suppliers and intermediate goods producers. And then some are trying to do the full pass through—the point being that the burden is now being distributed more broadly than I think folks anticipated earlier on."
From a risk management perspective, Bostic said the cumulative price increases of the past few years have him more nervous about looking through the rolling cost increases from tariffs than would be the case in an environment akin to 2018-19:
"The one thing that I worry about ... is really about the psyche of the American consumer and American business person. Inflation has been something that we've talked about in the news; it's been in the headlines since it spiked in '21 and '22. And it has been something that people have continuously said, 'Well, if policymakers do what they're supposed to do, then we'll go back to a place where you don't have to think about inflation anymore and you don't have to talk about it anymore.' But here we are—we're, what, seven months into this year? And I think that the discussions of inflation, from what I can tell, haven't really dissipated at all. And we could conceivably have another eight, 14 months of this moving forward. And at some point I worry that just the constant drumbeat that inflation, inflation, inflation, higher, higher than you might have expected, just turns the psychology in a way such that strategy starts to become precautionary and that consumers engage in a different way and that businesses engage in a different way."

博斯蒂克表示，他看到供应链中关税成本的分摊比预期的要多：“今年年初，几乎所有人都认为他们会完全转嫁任何成本上涨。如今，我们听到了各种各样的策略。有些公司将其计入利润，有些公司则尽可能地将部分成本上涨转嫁给供应商和中间产品生产商。还有一些公司则试图完全转嫁——关键在于，现在成本负担的分摊范围比人们之前的预期要广泛得多。”
从风险管理的角度来看，博斯蒂克表示，过去几年的累计价格上涨让他比在类似2018-19年那样的环境下更加担心关税带来的滚动成本上涨：“我真正担心的一件事……是美国消费者和美国商人的心态。通货膨胀一直是我们在新闻中讨论的话题；自2021年和2022年飙升以来，它就一直是头条新闻。人们一直在说，‘好吧，如果政策制定者做了他们该做的事情，那么我们就会回到一个不再需要考虑通货膨胀、也不再需要谈论通货膨胀的时代。’”但如今，今年才过去七个月？我认为，就我所知，关于通胀的讨论丝毫没有消散。我们可能还会继续经历八到十四个月。我担心，某种程度上，仅仅是不断宣扬通胀、通胀、通胀，甚至高于预期，就会改变人们的心理，导致策略转向谨慎，消费者和企业都会以不同的方式参与其中。