BTC is about to big pump to 150,000 u

? Trump continues to release tariffs on some small countries, which has little impact on the overall situation, as market sentiment has significantly improved after the announcement of TACO yesterday. The final tariff implementation will be on August 1, and before that, we mainly await the tariff issues between the United States, China, and the European Union, as well as the Federal Reserve's interest rate meeting in July.

The Federal Reserve's meeting minutes were also released early in the morning. Overall, most committee members remain neutral ( cautious ) and slightly dovish, believing that there is still a window for one or more rate cuts in 2025, either due to falling inflation or to meet economic downturns, which will open the rate cut channel. Therefore, both hawkish and dovish positions are approximately equally represented. As long as inflation can be controlled, the probability of a rate cut in September is still quite high.
Looking back at the data of Bitcoin, today's turnover ratio is even lower than yesterday, and the market's active sentiment continues to decline. This is completely out of sync with the price that is oscillating upwards. A year ago, I would never have thought of such a situation: on one hand, the price is rising, and on the other hand, the trading volume is shrinking and turnover is declining. To put it simply, there are too few investors in trading for such a situation to occur.

Last week, we expressed through a lot of data that the current price rise is not supported by much buying power, but rather by a large number of investors who do not want to sell. This mismatch in supply and demand is causing the rise, while the actual amount of funds and buying power has not seen significant improvement; this is true for both spot and ETFs.

There is not much to say about the support level; the price rise has made the support more solid. More investors are concentrated between $104,000 and $108,500, and the market is still waiting for a directional choice. However, as long as there are no systemic risks, it should remain relatively stable.