Market Analysis and Strategy Recommendations for July 29th
The internal community has provided the trading positions in advance. Those who wish to follow the trades can check my profile QQ number. Every trade is a live trade, and there are no entry barriers to copying. Federal Reserve: July 30th, 2:00 AM interest rate decision. The benchmark rate will remain at 3.50%-3.75%, but the probability of a 25bp rate hike is over 30%. The wording of the statement (hawkish/dovish) is more crucial. ETH Strategy (Currently 1,910-1,924) · Hawkish stance unchanged: Resistance at 1,920-1,940 → Short at 1,925-1,940, stop loss at 1,970, target 1,880-1,860. · Unexpected rate hike: If it breaks below 1,850, look for 1,820-1,800 → Long in batches below 1,830, stop loss at 1,780, target 1,880-1,900. • Dovish stance unchanged: Buy on rallies to 1,950-1,980 → 1,870-1,890, stop loss at 1,840, target 1,950-1,980. • Resistance: 1,940 / 1,960 / 1,983; Support: 1,850 / 1,820 / 1,800. Specific levels will depend on the data released tonight and Warsh's speech at 2:30 AM on the 30th!