7.2 Bitcoin Morning Analysis

Analysis: Go short near 605-610, target 595-580, defense 615

Federal Reserve officials released hawkish remarks, and the probability of a September rate hike rose to 80%. The US dollar and US Treasury yields strengthened, the holding cost of crypto assets increased, capital continued to flow out, and this was compounded by a lack of liquidity in the market, which limited the space for rebounds. The daily chart’s bearish structure remains intact; price is under pressure below the moving averages. On the 15-minute chart, price rallied and then fell back under pressure; the indicators turned weaker. In the short term, the main focus is to sell short on bounces#Gate股票转仓功能上线 $BTC ‌