Regarding tonight’s 22:00 PMI data: it won’t directly determine whether there will be a rate hike, but it’s highly influential. 1. The forecast is 54. If it comes in above expectations, it suggests that manufacturing is strong, which may lead the Federal Reserve to lean toward maintaining a tight monetary policy (a rate hike or keeping the current stance unchanged—rate cuts are unlikely/impossible). This would also be bearish for risk assets (BTC/ETH). If it’s below expectations, the market may become volatile due to concerns about the economy. 2. Check whether prices are rising—this can directly reflect inflation pressure. I previously mentioned that the Federal Reserve is very concerned about inflation and interest rates, which indirectly affects expectations for rate hikes.
One whale falls and everything is born—why do you have to guess where the bottom is? Why do you have to try to bottom-fish? Go buy photovoltaics—leaders in traditional industries like energy and telecom.
$SNDK short-sellers are all fed up, right? Overseas storage has collapsed, yet Changxin is still rising Why— I posted about this earlier; you can go check the previous post
I have a trusted insider managing the order placement 🤓
If you want to trade with me, make sure you choose a fixed ratio—fixed ratio—fixed ratio. Then don’t use too small an amount. Only trade if it’s above 200U; otherwise, even a small fluctuation could wipe you out. My principal is 1900U.
# About the Federal Reserve’s Interest Rate Decision on July 30
First, the conclusion: keep the current interest rate unchanged. The Federal Reserve is very concerned about high inflation rates.
Reasons: 1. Oil prices have remained high. The Strait of Hormuz is a core interest area, and reconciliation is unlikely to be reached in the short term. Transport and industrial costs increase, making inflation harder to bring down; 2. Employment in the United States is too strong. Household incomes and consumption are very high. Businesses will pass rising costs on to terminal consumers, which also makes it difficult for the inflation rate to fall; 3. The core CPI data is 2.6%, which is still some distance from the core target of 2%. The Fed expects inflation not to have met its target, so there is no reason to cut rates.
The above is an analysis of why the Fed should not cut rates. At the same time, I also believe the Fed will not raise rates, because raising rates is difficult. Reasons: 1. The pressure from U.S. Treasury debt is enormous. Debt data is as high as $35 trillion. For every 1% increase in interest rates, the annual interest payment increases by $350 billion—this is a major burden; 2. At the same time, high interest rates place very heavy pressure on bond portfolios held by small and mid-sized banks, which increases their interest-payment burden; 3. In the United States’ midterm elections, the ruling party definitely does not want the economy to be dragged down by high interest rates. High interest rates cause people to put money in banks to earn interest, and consumption may contract.
$ETH is currently in a downtrend continuation; it’s still continuing to short.
Short positions at 1873–1875, stop loss at 1885. This is a key level on the 4-hour timeframe. Take first profit at 1846. Once hit, keep a remainder position, take breakeven with a stop to aim for 1819. The risk-reward ratio is high.
I’ll provide the live BTC price levels—starting the livestream tonight.