TechFlow news, July 28 — Chloe (@ChloeTalk1), author of the HTX DeepThink column and researcher at HTX Research, analyzed that this week positive signals from the global trade landscape have provided short-term support for risk markets and laid a foundation for medium- to long-term investor confidence. Substantive breakthroughs have been achieved in the long-standing dispute over tariffs between the U.S. and Europe. The agreement reached not only alleviates transatlantic trade tensions but also provides a new policy anchor for global supply chain stability. Meanwhile, high-level consultations between China and the U.S. continue to advance, indicating room for easing in key areas such as trade, technology, and monetary coordination. Regional trade talks including those between Japan and the U.S., and among the U.S., Canada, and Mexico, are also accelerating. The overall trade environment is showing a new trend of "multilateral loosening with localized breakthroughs." This trend toward trade easing helps stabilize corporate expectations and improve cross-border capital flows, providing bottom-up support for risk appetite, thus underpinning the short-term rebound rationale for risk assets including Bitcoin.
On the monetary policy front, the Federal Reserve's interest rate decision on Thursday (U.S. time) stands as one of the most critical events for global financial markets this week. While the market broadly expects no change in rates during this meeting, greater attention will focus on Chair Powell's press conference. Currently, the U.S. faces a "dual pressure": core inflation, although gradually declining, remains above target; at the same time, government fiscal deficits are high and debt refinancing pressures are significantly rising. Against this backdrop, markets are closely watching whether Powell will signal a "more accommodative" or even dovish stance to ease concerns about prolonged high interest rates. If Powell conveys a dovish message suggesting "controllable inflation and manageable fiscal stress," U.S. equities would benefit, while high-beta assets such as ETH and SOL could also see sentiment improvement. Conversely, a hawkish tone could push Bitcoin and altcoins back into a high-volatility phase.
