A wonderful July in July—geopolitics and the US Federal Reserve are locked in a game of tug-of-war, and BTC starts to struggle!

For now, discussions about future market possibilities are still centered on changes in the geopolitical situation and the Fed’s interest-rate policy inclinations.

The Middle East situation has already become a powder keg. The US has intensified attacks on Langzi, and the Strait of Hormuz has been completely blocked. Oil prices continue to rise, keeping US inflation rates stubbornly high. On the other hand, whether it’s Tuesday’s CPI data or Wednesday’s PPI data, both came in below expectations, showing that inflation is weakening—an upside factor for BTC’s price action as well.

Yesterday afternoon, the price around 647 capped out at 657, which was a pressure level. After the US stock market close, it surged toward about 656 and then started to fall again. From the 4-hour structure right now, the upside momentum still seems set to continue. Waiting for a pullback to confirm is still the plan to position long orders.

BTC trading recommendation: long from 639-636. Defense: 800 points. Target: 647 breakout to look for 656-662$BTC #美军结束对伊朗新一轮打击