The recent pullback in the Crypto Assets market seems to be nearing its end. It is expected that, in the absence of major news impacts, the Bitcoin price may fluctuate slightly within the range of $116,500 to $118,000.

However, investors should not focus too much on short-term fluctuations, but instead should look towards the important period in August. The market has begun to react in advance to the possible interest rate cut in September, with the expected probability reaching 62%. The real upward momentum may start to emerge in August, when the overall price center of Bitcoin is expected to break through $120,000. This is a gradual process, and investors do not need to be overly impatient.

The upcoming key time point is the Federal Reserve's interest rate meeting at 2 AM on July 31. It is almost certain that there will be no interest rate cut at this meeting, so the market direction will depend on the rhythm and coordination of the news:

If there is a decline in the market before the interest rate meeting, it is likely that the negative news has already been digested by the market, and a rebound may occur after the meeting.

If the market can maintain a sideways consolidation before the meeting, a slight pullback may occur after the meeting, followed by a continued upward movement.

Overall, although the market may experience fluctuations in the short term, the long-term trend remains optimistic. Investors should remain patient, focus on important time nodes, and adjust their strategies in a timely manner according to market changes.