Track real-time hotspots in the crypto world and seize the best trading opportunities. Today is Tuesday, July 29, 2025. I am Wang Yibo! Good morning, crypto friends ☀️ hardcore fan daily attendance 👍 Like and make big profits 🍗🍗🌹🌹

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The US stock market closed on Monday with the Dow initially down 0.14%, the Nasdaq up 0.33%, and the S&P 500 index slightly up. Nvidia ( NVDA.O ) rose nearly 2%, Tesla ( TSLA.O ) rose 3%, and Supermicro ( SMCI.O ) rose 10%. According to CME's "Fed Watch": the probability of the Federal Reserve maintaining interest rates in July is 96.9%, while the probability of a 25 basis point rate cut is 3.1%. The probability of the Federal Reserve maintaining interest rates in September is 35.4%, the cumulative probability of a 25 basis point rate cut is 62.6%, and the cumulative probability of a 50 basis point rate cut is 2.0%. Yesterday, Bitcoin showed a strong breakout towards 12000, and Ethereum had a strong breakout towards 4000, prompting a surge in the contract market. However, by evening, the momentum of Bitcoin and Ethereum weakened, and there was even a sharp drop in the early morning. The contract market once again overwhelmed the bulls. In fact, this type of movement is destructive to contracts and is also a re-shaking of the spot market. Stay tuned to Yibo for timely updates.

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On Monday, Bitcoin's market first rose and then fell within the day. The bullish outlook provided in the morning was also as expected; however, the increase in Bitcoin was relatively small, failing again to break the 120,000 mark. After reaching a high of 119,750, it stopped and faced pressure, subsequently dominated by bears, leading to a downward trend, with the lowest adjustment currently at around 117,334. Structurally, it is still in a rhythmic recovery phase, and this retracement can only be viewed as a corrective pattern. The daily line is contracting while the monthly line is wrapping up, with strong emotional adjustments. The four-hour chart shows a downward test and clear recovery, while the hourly chart has not released pressure after being hindered at high levels and has not flooded. The short-term transition is gathering strength for a bullish turn, and the overall pattern is maintained in a range, focusing on going long around the low of the range, and if it does not break high, it will be bearish.

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Ethereum continues to maintain its recent strength, refreshing short-term highs during the day, peaking at around 3941 before facing pressure and retreating, with the lowest adjustment currently at around 3753. Recently, Ethereum has been advancing rapidly, and it has also experienced a pullback correction, touching the 3500 mark, effectively retracing for correction. The market rhythm may show a pattern of making higher highs followed by pullbacks as it moves upwards. Today, it has once again set a recent new high, and such a degree of probing highs followed by retreats is also a normal adjustment method. After a series of bullish candles in the 4-hour chart, it is now followed by a series of bearish retreats, and it has again approached the middle Bollinger band. Usually, during such volume-driven increases accompanied by top adjustments, we can see the continuation of bullish momentum. In the morning, it is recommended to take a short-term bullish position to watch for the continuation of the rebound. Subsequently, we can observe the strength of the continuation before making further bullish follow-ups.