Hong Kong, China, three-month unemployment rate in June

#UMB#It is with a heavy heart that we announce Umbrella Network will be ceasing operations in September 2025. It has been an incredible few years since our founding in 2021. Since then, we have launched our innovative Layer 2 oracle solution, our Bridge and Passport solutions, expanded into new ecosystems, and developed our current on-chain oracle solution and partnerships with well-known Layer 1s. We have accomplished so much together.

The Bitcoin market has recently shown a trend of high-level fluctuations, with the current price hovering above the 60-day moving average, but it has not yet broken through the resistance at the upper limit of the range. On the technical side, various indicators show divergence, with a mix of bullish and bearish forces, making the market direction unclear. In this case, investors need to closely monitor the effectiveness of the moving average support. In particular, the 7-day and 60-day moving averages on the daily chart; if these two moving averages can remain stable without showing obvious signs of a breakdown, then the upward trend is likely to continue in the short term. However, uncertainty in the market still exists. Investors should remain cautious when making decisions and be prepared to respond to any potential emergencies. Currently, the market seems to be searching for a clear direction, and any significant economic data or policy changes could become key factors triggering market fluctuations. For traders inclined to go long, it may be worth considering building a position around the price range of 115000 to 114600, while setting 117500 as a potential target price. However, this is merely a strategic suggestion based on the current market situation, and investors should still formulate a trading plan that suits their own risk tolerance and investment objectives. Overall, the Bitcoin market is currently at a critical moment, and investors need to remain vigilant and closely monitor market trends in order to react promptly when the market shows a clear direction.

As the date for the Fed's interest rate decision approaches, the financial market sentiment begins to show subtle changes. Analyzing the short-term market trends, there are mainly three potential development paths: The first scenario is that the market may experience a slight pullback before the implementation of the interest rate cut policy. Once the policy signal is clear, the market is expected to gradually start a rebound trend. The second scenario is that policy expectations may be digested by the market in advance. Before the interest rate cut is officially implemented, the market may actively rise. After the interest rate cut, there may be a brief pullback, followed by a continuation of the upward trend. The third scenario is that after the interest rate cut policy is implemented, it may present a "beneficial effects fully realized" phenomenon. In the short term, the market may face downward pressure, but is expected to gradually stabilize and rebound. Although the market shows significant volatility characteristics in the short term, the specific trend is difficult to predict accurately, but the upward trend in the medium to long term is already clear. Investors need to be prepared to cope with market fluctuations and maintain the ability to adjust strategies flexibly. It is worth noting that although the market may experience fluctuations in the short term, this also provides potential opportunities for investors. While paying attention to changes in macro policy, investors should also closely monitor the fundamental changes of various assets in order to make more informed investment decisions. Overall, as the Fed's interest rate cut decision approaches, the market will enter a critical observation period. Regardless of which path is ultimately taken, it is essential to remain calm and rational and to manage risks effectively.