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1、 Today's overall news is broken down into layers
（1） Macro Federal Reserve&Federal Bonds (Market Core Suppressing Main Line)
1. Federal Reserve Vice Chairman Jefferson publicly stated today that inflation has fallen slower than expected, and it is not ruled out that monetary policy will be tightened again, strengthening the consensus in the market that "high interest rates will last longer" and directly limiting the upward height of cryptocurrency assets.
2. US Treasury and US dollar markets: The US dollar index fluctuated slightly and fell back, and the 10-year US Treasury yield slightly declined, bringing a temporary recovery window to the cryptocurrency market; But the overall yield is still in a high range, and there is no liquidity foundation for interest free currencies to continue to rise.
3. US stock linkage: Last night, the Nasdaq closed slightly lower, and overall risk appetite was weak. BTC followed the volatility of the US stock market, and the rise was more of a technical repair rather than an active influx of funds.
（2） Geopolitical situation (long short tug of war variable)
The military standoff between the United States and Iran continues to escalate, with the US military increasing its deployment in the Middle East. However, Qatar has proposed a ten day ceasefire negotiation, but Iran has not directly refused, leading to a marginal cooling of market panic; International crude oil prices have slightly fallen, easing concerns in the market about the secondary inflation caused by crude oil, and indirectly benefiting risk assets with a slight rebound.
Geopolitics belongs to the pulse type influence, which only produces short-term pins and cannot change the original oscillation structure of the disk.
3、 Latest Regulatory Developments in the United States
Today, the US House Finance Committee held a cryptocurrency compliance hearing, focusing on reviewing anti money laundering regulatory rules; July 24th is the deadline for public opinions on the GENIUS stablecoin bill, and at the end of July, there is also a window for opinions on the CFTC perpetual futures trading rules.
The regulation is in the stage of "standardization implementation", which is a good news for the industry in the medium and long term. However, the short-term news has landed smoothly, and the favorable market has been partially priced in advance, making it difficult to trigger a sharp rise in the market.
Key support: First support 64500, strong support 63600
Key pressures: short-term pressure of 65800, strong pressure of 67000
Relying on the support of 64500, it oscillates back and forth, repeatedly testing the pressure level of 65800. After an unlimited surge, it is easy to experience a slight decline and wash off the market, and the overall trend is to digest the profit market through oscillation. The Bollinger Bands continue to close, with volatility compressed, and the evening US market will amplify the insertion volatility.
Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
