7.2 BTC: Wide volatility and washout before NFP, don't chase orders

$BTC
Entry: Short around 606-610, stop loss at 615, target 594-584

Early morning spot price oscillating around 600. Yesterday saw a standard V-shaped washout: after dipping to the 57758 stage low, it quickly rebounded, peaked at 61300 in the early morning before encountering resistance and falling back. The daily range exceeded 3500 points, causing losses for both longs and shorts chasing moves, a typical preview before major data releases.

The July FOMC market pricing shows a 93% probability of maintaining interest rates unchanged. Inflation stickiness continues to delay the timing of rate cuts, with expectations of rate hikes even by the end of the year. The high interest rate environment persistently suppresses risk asset valuations. Powell's speech in the early morning released no new policy signals. The slight decline in US Treasury yields only brought a brief sentiment repair, with no substantial positive catalyst to support a unilateral trend. #沃什宣告终结前瞻指引