Latest (Thursday, July 30) BTC’s current price is $64,236. After the Fed rate decision landed, there was no major volatility; a mild rebound of 1.2% has brought the price back above the $64,000 “new center.”
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### 👉 Fed rate decision details just released—completely beyond market expectations
This is a typical “hawkish pause”: 9 votes supported holding rates steady, while 3 votes directly supported an immediate 25-basis-point hike. This marks the first time since 2016 that there were 3 dissenting votes all in the same direction. Fed Chair Waller provided virtually no forward guidance toward easing, and the market is now pricing the probability of a September rate hike as having jumped to 75%~80%. The likelihood of rate cuts this year has essentially disappeared entirely.
Bitcoin had already priced in the expectation of “holding rates steady.” After the outcome, there was no panic-driven crash—instead, it held firmly at the key support around $64,000. That’s a very strong performance.
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### 👉 Outlook for the next phase
Bitcoin is now fully in a summer broad trading range of $60,000~$66,000—entering a state of position-based (range) competition:
- The first major support below is $62,500~$63,000. This zone is the low point tested multiple times this week, where a large cluster of institutional buy orders is concentrated, making it difficult to break down effectively in one go.
- The first major resistance above is $65,000. Only if price can build volume and hold above this level will there be a chance to challenge the medium-term strong resistance at $68,000~$68,500. Otherwise, the market is likely to keep a range-bound, washout-like trading rhythm.
Trading volume in the market has already fallen to the lowest point since November 2023. In July, Bitcoin’s average daily spot trading volume is down more than 75% versus the 2024 peak. Without enough new incremental capital entering, it’s basically impossible to see a one-way trend breakout.
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### 👉 Trading reference
There’s no need to over-panic, and don’t chase prices blindly either. Buy on dips in the $62,500~$63,500 range, take profit on the rebound above $65,000. This offers a very good cost-effectiveness for range-based swing trading. After the September Fed rate hike decision lands and all negative factors are fully played out, a truly trend-driven move is likely to follow.
⚠️ Important notice: Everything above is a compilation of public market information only and does not constitute any investment advice.
#BTC走势分析