Jingyi clearly indicated in the previous text and during the live broadcast that BTC short-term would see below 116500, and today it came to fruition as expected. The next trend continues to look down, targeting below 102000!

The reasons are as follows.
The Federal Reserve's interest rate meeting is approaching, with a probability of only 2.6% for a 25 basis point rate cut in July.
On July 25, according to CME's "FedWatch" data, there are 5 days left until this month's FOMC meeting, with a probability of only 2.6% for a 25 basis point rate cut in July, while the probability of maintaining the interest rate is 97.4%.
The probability of the Federal Reserve keeping interest rates unchanged until September is 37.9%, the probability of a cumulative rate cut of 25 basis points is 60.5%, and the probability of a cumulative rate cut of 50 basis points is 1.6%.
The dates for the next two FOMC meetings of the Federal Reserve are July 30 (2 AM Beijing time on July 31, Thursday) and September 17.
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