1. Application news for Bitcoin Etf

2. The Fed’s interest rate hike meeting on July 27 and Powell’s speech

The first piece of news: Unless there is malicious bearishness in the market in the short term, there will not be a big impact on the market in the short term. The most important thing is that some institutions or advance news may cause big fluctuations in the market.

The second piece of news: Fomc’s interest rate meeting. The market generally believed that it would take another interest rate hike in July. The market would then end the interest rate hike and enter the stage of interest rate cuts. The oversold rebound in this round of the market also benefited from the “stimulus effect brought by the Fed’s interest rate cut” = “US stock market funds poured in to rebound”. However, some economists also generally said that the market overreacted to the interest rate cut because “inflation” has not been resolved. This issue is very important. Indirectly, when the enthusiastic investors in the market react, the market will begin to fall back to the starting position.

According to the normal upward trend, the correction is normal. It is conducive to the next rise; just like the last round of decline to 25,000; the stimulus of the news is the most critical. My personal opinion is tomorrow's FOMC meeting. At that time, the market will reflect the most real state.