#打榜优质内容# On July 30th, the Federal Open Market Committee (FOMC) Meeting is approaching, and the market is almost certain that there will be "no interest rate cut," with a probability as high as 97%. In the next four FOMC meetings, it is widely expected that there will be one rate cut each in September and October, while December is not widely favored. However, if the latest dot plot only signals one rate cut this year, the market may face pressure and volatility. Investors need at least two rate cut expectations to stabilize their risk appetite.

The slow rise of the Nasdaq reflects expectations of interest rate cuts, with sentiment at a high level. Once the "no interest rate cut" is realized, funds may quickly withdraw, and both the Nasdaq and Bitcoin may adjust.
Conversely, as long as the Fed hints at future rate cuts, the market tends to remain stable or even rebound slightly.
Under the tense macro environment, the structural opportunities in the cryptocurrency market are gradually emerging. After the ETH/BTC exchange rate corrected, Ethereum showed strong performance, with clear signs of capital switching. Wall Street is increasing its stake in Ethereum, and the short-term trend remains robust.

The macro pullback has instead become a window for layout. If Ethereum can break through $4000, the altcoin season may usher in a new wave of explosion. The interest rate decision is at 2 AM on the 31st of the month, with a previous value of 4.5% and an expected value of 4.5%, likely to remain unchanged. There may be significant fluctuations in the coming days, and the pullback presents an opportunity to lay out spot positions. Don't get too leveraged on contracts!