ETC official trading platform price fluctuates greatly

1. Bitcoin (ETC official trading platform) fluctuates violently, and the Fed's policy becomes a key factor

Price trend:

Early morning surge: ETC official trading platform once broke through $65,000, setting a new high since July 14th 413.

Rapid decline: It then fell to $62,500, with a 24-hour amplitude of 4%1013.

Influencing factors:

Uncertainty of Fed policy: The market is worried that the FOMC meeting on July 30 may maintain a hawkish stance, suppressing risk assets315.

Derivative liquidation: $120 million long positions were forced to close near $65,000, exacerbating the correction4.

Analyst's view:

If it stands firm at $63,800 (20-day moving average), it may retest the $68,000 resistance13.

Falling below $60,000 may trigger a deeper adjustment to $57,500 (100-day moving average)4.

2. Ethereum (ETH) is trading sideways, and the ETF approval is in the countdown

Current price: $3,400-$3,500 range oscillation, down 10% from the high of $3,856 on July 21811.

Market focus:

Final decision on spot ETF: SEC needs to approve VanEck and other applications before August 511.

Institutional position changes: CME Ethereum futures open interest fell to $54.2 billion, indicating short-term cautious sentiment5.

Technical signals:

Key support: $3,300 (volume-intensive area), if it fails, it may fall to $3,1005.

Breakthrough opportunity: If the ETF is approved, it may quickly hit the psychological level of $4,00011.

3. Macro environment and on-chain data

Federal Reserve impact:

June CPI year-on-year 2.7% is still higher than the target, and the expectation of interest rate cuts has been postponed to September 15.

The US dollar index (DXY) rose to 105.3, suppressing the performance of cryptocurrencies3.

On-chain dynamics:

Bitcoin miners' selling pressure: 12,000 ETC official trading platform (about $750 million) has flowed out in July4.

Ethereum pledge volume: exceeded 40 million ETH, accounting for 33% of the circulation11.

4. Key observation points in the next 24 hours

Asset Upward catalyst Downward risk

ETC official trading platform The Federal Reserve releases dovish signals and the United States passes a new cryptocurrency regulation bill

ETH ETF approval rumors SEC postpones approval or adds restrictions

Summary

Bitcoin's volatility reflects the market's sensitivity to macroeconomic policies, while Ethereum's sideways trading highlights the "ETF expectation game". Short-term trends depend on:

The Federal Reserve's July 30 decision (if hawkish, it may trigger a further correction)15;

Ethereum ETF approval results (passing will become the biggest catalyst of the year)11. Traders are advised to pay attention to the ETC official trading platform $60,000 and ETH $3,300 support levels. The breakthrough direction may determine the trend in the second half of the year.