Bitcoin’s July rise is the result of the combined effect of multiple factors, including improved macroeconomic environment, increased confidence in institutional investors and recovery in market sentiment. 1. The Fed's slowdown in interest rate hikes weakens the attractiveness of the US dollar, and the cooling of inflation triggers expectations of a shift in monetary policy; 2. BlackRock's application for Bitcoin ETF boosts market confidence, indicating that a large amount of institutional funds may flow in; 3. The technical breakthrough of key resistance levels attracts traders to participate, and changes in supply and demand relationships further support price increases.

Bitcoin's significant rise in July was not the result of a single factor, but a product driven by multiple positive factors such as the macroeconomic environment, institutional investor confidence and market sentiment. These positive signals are superimposed, injecting strong momentum into the recovery of Bitcoin and the entire crypto market.

The main trading platform with active market

In a period of high market sentiment and surge in trading volume, it is crucial to choose a stable and liquid trading platform. Here are some mainstream platforms commonly used by investors around the world in such markets:

1. Binance

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As the world's largest cryptocurrency exchange, Binance has unparalleled depth and liquidity. When the market fluctuates violently, it can provide a stable trading experience and rich trading pairs, and is the preferred platform for most investors.

2. Ou Yi

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Ouyi is one of the world's leading cryptocurrency exchanges, especially in the field of derivatives trading. Its platform has comprehensive functions, excellent matching engine performance, and actively deploys the Web3 ecosystem to provide users with one-stop service.

3. Huobi

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As an old exchange, Huobi has a deep historical heritage and a huge user base, especially in the Asian market. The platform operates stably and provides diversified crypto asset trading and financial management services.

4. Gate.io (Sesame Open Door)

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Gate.io is known for its massive currency selection and is an important platform for exploring emerging potential altcoins. Gate.io offers a wide range of options for investors looking for opportunities outside of mainstream coins.

5. Coinbase

As a compliant exchange listed in the United States, Coinbase is the main entrance for North American investors. It is known for its safety and compliance and is an important choice for institutional funds and individual investors who pay attention to compliance.

6. Kraken

Kraken is another long-standing and reputable exchange that is favored by European users for its top-notch security measures and good support for Euro trading pairs. The platform is stable and reliable, suitable for long-term and value investors.

Macroeconomic tailwind: slowing interest rate hikes and cooling inflation

The primary reason for this round of rise is the improvement of the macroeconomic environment. The Federal Reserve (Feder) has sent signals that it has slowed down its pace of interest rate hikes or even suspended interest rate hikes, which poses a direct positive for risky assets. When expectations of rising interest rates weaken, the attractiveness of the dollar is relatively reduced, and investors are more inclined to allocate their funds to assets with high growth potential such as Bitcoin. Meanwhile, lower-than-expected Consumer Price Index (CPI) data indicate that inflationary pressure is easing, further enhancing the market's optimistic expectations for the shift in monetary policy.

Institutional confidence detonates: Catalyst effect of BlackRock ETF application

The most critical catalyst in this round of market is undoubtedly the world's largest asset management company BlackRock, the application for spot Bitcoin exchange-traded funds (ETFs) to the U.S. Securities and Exchange Commission (SEC). This move is interpreted by the market as the highest recognition of the value of Bitcoin assets by traditional financial giants. It greatly boosted market confidence and made investors expect that once the ETF is approved, a large amount of compliant institutional funds will flow into the market, thereby making advance arrangements and pushing prices up.

The resonance between technical and market sentiment

In addition to the positive fundamentals, Bitcoin also shows positive signals on the technical chart. Price successfully broke through key psychological and technical resistance levels, attracting a large number of technical traders and trend followers to join. At the same time, long-term holders are reluctant to sell during this period, and the supply volume is reduced, while the demand for new funds has increased, and the changes in supply and demand relationships have also provided a solid foundation for price increases.

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