Ethereum broke through the previous high of 1820, confirming that the market has reversed, continue to go long. I opened a long position on ada.

In the last few days of July, there was still high volatility. After the Federal Open Market Committee (FOMC) Meeting, August is expected to initiate a new wave of impact. The probability of a rate cut in September is high, and the tariffs in the US will not be postponed on August 1, resulting in Unfavourable Information finally landing. After the market digests this for a few days, it will rebound again; when the Unfavourable Information is fully released, it becomes Favourable Information.

In the past two days, Besant accused Powell of two charges related to the renovation issues of the Fed building, aiming to move Powell out. However, the Fed meeting is at the end of July. Even if Powell is removed, it would be too late to replace him for implementing interest rate cuts. The action against Powell has led to an increase in the 30-year U.S. Treasury yield, which is unfavourable in the short term. However, replacing Powell would be beneficial for the market to continue to reach new highs in August and September. Moreover, the lack of interest rate cuts in July has caused recent pr

In the past history of ETH, the transition from Bear Market to bull run ultimately fell at the 78.6% level twice. Therefore, this time the 78.6% level above Ethereum's bull run is around 3515, which is the position to pay attention to at the end of July. Currently, it has just broken through the 61.8% Fibonacci resistance line. I believe Ethereum will continue to look bullish towards 3500. At the same time, everyone can also go long on AAVE. Both are in sync with ETH.

In July, there is no possibility of interest rate cuts, and with such strong non-farm data, the U.S. has recently started researching tariffs for its allies. Yesterday, a 25% tariff was set for Japan and South Korea, and discussions about tariffs have also affected the market decline. I think the recent market situation may replicate last year's trend, with fluctuations and adjustments leaning towards a downward trend in July and August. There are expectations of interest rate cuts in September, similarly to last year, with a direct cut of 50 basis points. October is traditionally a month of b

The short order placed during the live broadcast at noon has now come down, with minor support at the 2520 position.

The US stock market remains strong, and BTC is following the trend of the US stock market, so it's right to stick to going long on dips. #BTC#