Main points:

• Betcoin price pressure and Bollegerer indicate that the expansion of the range will happen soon.

• It is likely that the weak prices for this week are likely to be the result of risk reduction before Wednesday and the White House updating the policy of encryption and strategic reserves of bitcoin.

Bitcoin (BTC) continued trading in the range of $ 117,000 to $ 120,000 on Tuesday, and it seems that it is preparing for a daily association less than $ 118,000. Some analysts called on BTC to re -test the basic support at $ 114,000 to $ 110,000, and while technologies support such a move, FOMC minutes on Wednesday and the long -awaited White House report on the US encryption policy and can reflect the Bitcoin Strategy Strategic Reserve.

The report should reveal the exact number of Bitcoin currently maintaining the United States government, and merchants hope that President Trump will take other steps towards an official strategic bitcoin reserve.

In addition to the comments from the Federal Reserve, the quarterly profits of definition platforms, Ford, Robenol and Microsoft are published on Wednesday, along with American economic data on non -agricultural salary statements, the Purchase Directors Index (PMI), GDP, consumer morale, and the ISM report on manufacturing and services.

Federal Reserve Chairman Jerome Powell is scheduled to speak after the Federal Reserve’s decision on interest rates. Currently, the Fedwatch scale of the Fedwatch Group shows FED Funds Futures at a 98 % chance that the central bank leaves prices unchanged in a range of 4.25 % to 4.5 %. Despite the intensification of pressure from President Trump to reduce prices immediately, Powell appears to be committed to staying in the cycle and leaving the federal reserve with the option to walk long or reduce economic data rates.

As was the case on previous trading days before FOMC, encryption dealers seemed to reduce risks, and most of the large symbols are sold today. TRDR data shows the total open interest of Bitcoin to 49.58 billion dollars, from $ 50.58 billion in Wall Street, the opening of a bell. Long qualifiers in the futures markets market accelerated, and data from Coinglass $ 173.8 million appears in the Longs Magin that was called during the past 12 hours.

Related to: Bitcoin Bulls aims to chase liquidity at 122 thousand dollars, but the q3 mobilization can stop

Will good news lead to outbreak?

In the past three weeks, Bitcoin price has seen an almost 45 % decrease in fluctuations during the day as the highest level of daily to low range has narrowed to $ 2,300 from $ 4200 on July 14. This basic pressure, although this model for periods of monotheism, tends to finish news from home, in which case, the invitation you can expect at home. For height.

Bollengerer also approaches its end, which enhances bitcoin prices and expands the scope of fermentation.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.