July 21 afternoon market perspective

1. Bitcoin, expected range 118000-119800, anticipated oscillating trend;
2. Erbing, expected range 3720-3850, anticipated oscillating upward;
3、
No important data/events on Monday.
On Tuesday at 20:30, Federal Reserve Chairman Powell delivered a welcome speech at a regulatory meeting.
Wednesday 01:00 Fed Governor Bowman hosts the fireside chat session at the Fed's large bank capital framework conference.
On Wednesday (exact time unknown), Trump delivered a speech at an event titled "Winning the AI Race."
Thursday 20:15 European Central Bank interest rate decision
Thursday 20:45 ECB President Draghi speaks
Thursday 21:45 US S&P Global Manufacturing/Services PMI

[Market Analysis]
1. The large pancake experienced a sharp drop yesterday and then quickly recovered. 2. The small pancake showed a fluctuating upward trend yesterday. The large pancake continues to undergo a corrective adjustment following last week's rise, while the small pancake continues its independent strong trend.
There is no important data today, and it is expected that Bitcoin will move sideways while Ethereum will experience upward fluctuations.
The price of the second coin has lagged behind the first coin in terms of weekly gains, and now some companies have started to adopt a strategy of hoarding the second coin to create purchasing power. Additionally, last week, Teda Company issued an additional 3 billion on the second coin blockchain, resulting in a significant inflow of funds once again. Therefore, recently, the second coin has been experiencing a rebound in price, showing independent strength.
2. There is no important data this week, and the main events to pay attention to are Powell's speech on Tuesday and Trump's speech on Wednesday; particularly focusing on whether Powell will show a dovish tone.
3. Today, it is expected that Bitcoin will fluctuate sideways, while Ethereum will fluctuate upwards.
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