0731 Bitcoin/Ethereum market report 📣📣📢📢 #美联储维持利率不变#

Bitcoin continues to fluctuate steadily around $118,000. The Federal Reserve's decision to keep interest rates unchanged has not brought more directional breakthroughs to the crypto market. The market may be waiting for more catalysts (economic data) to assess future trends.

The current price of Bitcoin remains firmly above the support zone of 117,000 USD, is rising, and may attempt to effectively break through the resistance area of 118,600 USD to gain more bullish momentum. A bearish trend line is forming on the hourly chart of Bitcoin, with the first key resistance level in the short term near 119,200 USD. If this resistance area can be broken, a new round of increases may occur; conversely, if it fails to break this resistance area, it may continue its previous pattern and further retrace, with immediate support near 117,500 USD and the first key support level at 116,200 USD. Additionally, if the price of Bitcoin can close above 119,800 USD, in that case, the target price may reach 120,500 USD, and further upward potential may see 121,500 USD.

✅✅Operational Advice: Range Trading Strategy: If the price stays within the range of $115,500 to $118,600, a high sell and low buy approach can be adopted; 1. Short Strategy: Consider taking a light short position at $118,100 to $118,600, targeting $116,500, with a stop loss set at $120,000; 2. Long Strategy: Consider buying in batches within the range of $115,500 to $116,200, targeting $117,500, with a stop loss around $114,700.

Special reminder: This article is for readers' reference only and should not be used as an investment basis!!!