Midday Insights on July 22

1. Large pancake, expected range 116000-118500, expected pullback rebound;
2. Second contract, expected range 3600-3750, anticipated pullback and rebound;
3、
No important data/events on Monday
On Tuesday at 20:30, Federal Reserve Chairman Powell delivered a welcome speech at a regulatory meeting.
Wednesday 01:00 Federal Reserve Governor Bowman hosts a fireside chat session at the Federal Reserve's large bank capital framework meeting.
On Wednesday (exact time unknown), Trump delivered a speech at an event called "Winning the AI Race."
Thursday 20:15 European Central Bank interest rate decision
Thursday 20:45 ECB President Draghi speaks
Thursday 21:45 US S&P Global Manufacturing/Services PMI

[Market Analysis]
1. Bitcoin and Ethereum both experienced a pullback and downward trend yesterday. Bitcoin is in a daily range oscillation, while Ethereum is in a daily stagnation and pullback phase. Ethereum had a significant rise earlier, and today's pullback may be deeper than that of Bitcoin, but it will still rebound.
Second, tonight's main focus is on Powell's speech at the regulatory meeting at 20:30. Will he buckle under Trump's pressure and soften his stance on interest rate cuts? (Yesterday, a House representative filed criminal charges against Powell for perjury, which is also part of the pressure.)
If Powell softens his stance, then tonight it will not just be a rebound, but will form an upward trend, even leading to a new high for Bitcoin (Bitcoin could exceed 120,000);
If there is no significant softening, the big cake is likely to experience a mild downward movement followed by a rebound, while the second cake will correct a bit deeper before rebounding.

[Strategy]
During the day, the focus is on short positions, while at night, we look to Powell's wording to determine whether there will be a pullback or an increase. #稳定币监管风暴# #Gate 6月透明度报告# #山寨季来了？#