💡 How to operate? Focus on two key points

Overall, the current difficulty of trading Bitcoin is relatively high, and it’s a typical “news-driven market.” You can consider focusing on the following two key points to support your decision-making:

July 29 U.S. Federal Reserve interest rate decision: This is the endgame of all the maneuvering. If the Fed ultimately issues a “hawkish” signal or unexpectedly raises rates due to concerns about inflation, it will be a clear blow to risk assets (including Bitcoin); if it is clearly “hold steady,” it may provide short-term support for the market.

Developments in the Middle East situation: This is the biggest variable. You need to closely track the developments in the Strait of Hormuz and the trend in oil prices. Every time the situation escalates, it may directly push up expectations for rate hikes, putting pressure on Bitcoin.

Please note: Against the backdrop of elevated geopolitical risk, Bitcoin is more like a “high-risk risk asset” that tends to fluctuate, rather than a safe-haven asset. Its price is more likely to be sharply volatile due to liquidity tightening and investors’ risk-off sentiment.

BTC 64,300 long, take profit at 67,000, stop loss at 63,200, leverage 50, position size 15%