Zhou Yanling: 7.31 Federal Reserve Meeting Approaches - Today's Bitcoin and Ethereum Latest Trend Predictions, Analysis, and Strategies
In my personal opinion, the Federal Reserve meeting tonight will not result in an interest rate cut. However, it is important to focus on the discussions and arrangements regarding rate cuts. Currently, within the Fed, two governors (Waller/Bowman) have publicly expressed support for a rate cut in July for various reasons, indicating that internal divisions are beginning to emerge, leaning more towards a dovish stance. The Fed's concerns still revolve around the negative impact of tariffs on the economy and inflationary pressures. If Powell continues to mention terms like "wait and see, need economic data support" in the subsequent press conference, it will be seen as hawkish, while mentioning "discussions on rate cuts" will be viewed as dovish. Additionally, Thursday's U.S. PCE year-on-year/month-on-month data is also worth paying attention to. The CPI data shows a slight increase in service-related sub-items, which may provide a basis for the Fed not to cut rates in July, but it also exacerbates the possibility of stagflation, which will depend on market reactions.
Currently, looking at the price trend, the daily chart has recently formed a slight pullback and consolidation pattern. Yesterday closed with a bearish candle, indicating that short-term bearish forces are dominant. On the hourly chart, multiple consecutive K-lines show a high-level retreat, and the fluctuation range is gradually narrowing, possibly entering a brief consolidation phase. The MACD on the hourly chart is below the zero line, with both DIF and DEA being negative, but the MACD histogram is starting to weaken, suggesting a decline in bearish momentum. The RSI on the hourly chart is at 45.56, not entering the overbought or oversold zones, indicating that the market is still in a relatively balanced state, but overall leaning towards weakness. In the EMA hourly chart, EMA7 is diverging downwards from EMA30 and EMA120, indicating that the short-term, medium-term, and long-term moving averages are aligned in the same direction, and the downtrend is likely to continue temporarily.
Zhou Yanling's 7.31 Bitcoin Trading Strategy:
Short at 119300-118500, stop loss above 120500, target 117000-116200
Long at 116100-117000, stop loss above 115000, target 118300-119000
Zhou Yanling's 7.31 Ethereum Trading Strategy:
Long at 3710-3750, stop loss below 3670, target 3850-3890
Short at 3900-3870, stop loss above 3950, target 3780-3740
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】
This content is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. With a solid theoretical foundation and practical experience, he excels in combining technical and news-based operations, focusing on capital management and risk control. His trading style is steady and decisive, recognized by many investment friends for his easygoing and responsible character combined with sharp and decisive operations.
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