Trend and momentum are aligned to the downside across both daily and intraday timeframes, the post-FOMC macro environment tilts hawkish at the margin with three dissenters calling for a hike, and spot ETF flows for July are historically anaemic — together these conditions favour caution and a short-biased lean unless price reclaims the pivot zone convincingly.
Edition 2026-07-31 · prediction window to Fri 31 Jul 2026 21:00 UTC (22:00 BST)
Catalyst: Primary macro catalysts for the session are now largely in the rear-view mirror: the July 29 FOMC hold (9-3 vote, three hawkish dissenters) and the July 30 Core PCE print (3.3% YoY, in-line, monthly +0.1%) are both digested. Today's calendar is lighter, with no tier-1 US data scheduled for July 31 morning, though month-end flows, US Chicago PMI and the University of Michigan final consumer sentiment revision could provide minor volatility nudges. The next major scheduled catalyst is the August 1 US ISM Manufacturing PMI and the August 7 Non-Farm Payrolls report.
Data: twelvedata
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