It clearly set the top at 67,000 on the 22nd of last month. Afterwards, it gave the 66,000 kang wave band: hold it and look lower toward 61,500. In the earlier stage, it already moved out more than 3,800 points of room, and now it has shown a slight rebound! As of now, the 66,000 kang wave is still being held—continue to look lower! $BTC $ETH #Gate资产规模位列全球Top6

The Fed has even split itself in two—so how dare you go all-in? Imagine a patient running a high fever—inflation has stayed above 2% for more than five years. But at the same time, the patient’s heart rate is slowing down—job conditions are cooling, the unemployment rate is 4.2%, and the labor force participation rate has fallen to the lowest point since the pandemic. Fever reducers make the heartbeat even slower. A heart tonic makes the body temperature go higher. That’s the Fed in August 2026. On July 29, the Fed held rates unchanged for the fifth straight time, at 3.50%-3.75%. But the real news isn’t that they didn’t change. It’s the vote: 9 to 3. Three people voted against it—they wanted to raise rates. This is the first time since 2016 that three commissioners voted against at the same time. Fed Chair Waş admits himself that the meeting included discussions “like a real family argument.” So what are these two sides fighting about? Hawks (Hammack, Logan, Kashkari): Inflation has been above 2% for more than five years running. Hammack puts it plainly: “The longer high inflation persists, the harder it is to bring it back to target levels—and the higher the costs.” Kashkari warns: instead of standing pat and being forced to hike aggressively later, it’s better to “tighten progressively” now. Logan is even harsher—“With no policy constraint, inflation is likely to keep running above target.” Their logic: if they don’t tighten now, the future price will be much bigger. Doves (Waller): The jobs market could be deteriorating faster. Corporate layoffs plans are set to increase. Rate hikes could directly push the economy off a cliff. Their logic: raising rates now is like giving the patient a heart tonic—but the patient’s heart rate is already too slow. Then look at Waş—what is this newly appointed chair doing? He says three things: inflation is still too high; the goal is to bring inflation back to 2%; and he has confidence in achieving that goal. But he refuses to tell you what he will do. Morgan Stanley calls it “clear targets, unclear paths.” In plain English: “I know where we’re going, but I won’t tell you which road to take.” The yield on the 30-year US Treasury note has jumped to its highest level since 2007—5.23%. The market is voting with its feet: “If you won’t say, we’ll price it ourselves.” CME data shows the market assigns a 67.2% probability to a 25 basis-point rate hike in September. But in the committee, only one person openly supports cutting rates. The market is betting on hikes, while inside the Fed they’re arguing about hike versus cut. So tell me how this market gets priced? BTC has fallen nearly 50% this year from its all-time high of $126,000. It’s down about 28% year-to-date. It’s now hovering around $63,000. Is it an “anti-inflation tool,” or a “risk asset”? High inflation → rate-hike expectations → risk assets fall → BTC falls too. High inflation → fiat currency loses value → BTC is digital gold → BTC should rise. Same inflation data—two completely opposite conclusions. That’s the “clear target, unclear path” Waş left the market with—not a direction, but confusion. STS Digital is right: the market is entering a “new volatility regime”—flip-flopping among expectations of rate cuts, pauses, and rate hikes. The Jackson Hole symposium is coming in August. Before the September meeting, two more CPI prints are due. Even the Fed itself doesn’t know what it will do in September. So how dare you go all-in?#Gate储备金率117%持续领先 #Gate资产规模位列全球Top6 #美伊举行谈判油价显著下跌 $BTC $ETH $SOL

In July, $BTC $ETH students who came over to keep up with the pace finally received the “turning back money” today in the crypto circle. The students from Zhi Xia are all good men—when they make money, the first thing they do is to buy their wife a new car. Thumbs up, definitely! After all, in this industry, the final destination is to turn the numbers on the chart into real, tangible smiles on your family’s faces. When the market comes, hold on steadily—earn what you should earn, and spend what you should spend in a down-to-earth way. Work hard, live well. #Bitmine连续13个月每周增持ETH