7.22 Midday Thoughts



The market is currently in the Federal Reserve blackout period from 7.18 to 7.30, with officials staying completely silent. The market can only set its own direction based on US stock earnings reports. The 10-year US Treasury yield is trending up to 4.64%. Geopolitical tensions in the Middle East are pushing crude oil prices higher, reigniting concerns about inflation on the energy front. As a result, the market is pushing back expectations for Fed rate cuts. In a prolonged high interest-rate environment, valuations of non–interest-bearing “pie” assets remain under long-term pressure. Conditions for a one-way, explosive rally are still not present.

BTC rebounds and holds around 67,000–67,500; the target is around 65,600–65,100.
ETH rebounds and holds around 1,960–2,000; the target is around 1,900–1,860.
$BTC $ETH
BTC-1.96%
ETH-1.06%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
CaptainChenOfTheEncryptionTeam
· 07-22 04:50
7.22 Midday Outlook

We are currently in the Fed’s blackout period for its rate decision from 7.18 to 7.30, during which all officials fall silent. The market can only rely on US stock earnings reports to set the tone on its own. The yield on the 10-year US Treasury is rising to 4.64%, while geopolitical conflict in the Middle East has pushed up crude oil prices. Concerns about energy-side inflation have resurfaced. The market has postponed expectations for Fed rate cuts. A high-interest-rate environment for the long term continues to suppress the valuation of non-yielding “big pie” assets, and the conditions for a one-way surge are still not in place.

BTC retraces near 67,000–67,500, with targets toward 65,600–65,100.
ETH retraces near 1,960–2,000, with targets toward 1,900–1,860.
$BTC $ETH
View OriginalReply0
  • Pinned