HTX DeepThink: Bitcoin poised for consolidation, Japanese political situation and tariff negotiations progress may set short-term direction

BlockBeats news, on July 24th, HTX DeepThink column analysis pointed out that Bitcoin surged to $121800 yesterday, then fell back to around $118000 and fluctuated. On chain data shows that the average profit margin of market chips is 57%, and short-term selling pressure limits the upward space. Currently, Bitcoin is accumulating momentum and waiting for directional signals. Two major catalytic factors need to be considered: the clearance of floating profit chips and the clarity of macro variables. The political turmoil in Japan may affect the progress of the August US Japan tariff negotiations, and although the EU and the US have temporarily suspended tax increases, it is still difficult to alleviate global uncertainty. CME BTC futures holdings are high, stablecoin inflows are slowing down, and funds are mostly on the sidelines. It is expected that BTC will fluctuate within the range of 115000-123000 US dollars in the short term, and early August may be a key time point for direction selection.