The U.S. central bank made the decision to maintain interest rates unchanged at the end of July. Although this move was in line with market expectations, the subsequent sharp decline in expectations for a rate cut in September was unexpected, leading to fluctuations in the financial markets.

The cryptocurrency market subsequently experienced a noticeable correction. Bitcoin briefly dipped to $115,700, and Ethereum also hit a low of $3,670. Although there was a rebound afterwards, it felt more like an opportunity for investors to adjust their positions rather than a true trend reversal.

Looking back at the overall performance in July, the cryptocurrency market showed strong momentum, even sparking discussions of a "mini bull market." This wave of increase was mainly driven by expectations of interest rate cuts, technical rebounds, and favorable policies such as ETFs. However, with the uncertainty brought about by the Federal Reserve's decisions, the future trend of the market is once again shrouded in shadow.

It is noteworthy that, in the context of overall market pressure, SHIB (commonly known as Shiba Inu coin) staged a performance of a "short trap". Initially, SHIB's price movement displayed many bearish signals: breaking through key support levels, losing moving averages, and decreasing trading volume. This attracted a large number of shorts to enter the market.

However, SHIB suddenly rebounded strongly, quickly recovering lost ground and breaking through the 0.000013 USD mark. This move was interpreted by the market as a successful "short-squeeze" operation, clearing the obstacles for a possible upward trend ahead.

The current cryptocurrency market is at a critical moment, and investors need to closely monitor market trends, weighing risks and opportunities. The direction of the Federal Reserve's policies, the global economic situation, and the industry's own development will all be important factors influencing future market conditions.