Cryptocurrency News

Hot Topics on August 18:

1. Cross-chain DeFi protocol MaiaDAO launches Ethereum reserves, currently holding 169 ETH.

2. Ethereum reserves in CEX continue to decrease, currently only 18.39 million ETH left.

3. Upbit 24-hour trading volume ranking: ETH, XRP, CYBER in the top three.

4. Most investors participating in the U.S. Bank Global Fund Manager Survey still have a "zero" exposure to cryptocurrencies.

5. Tom Lee comments on U.S. cryptocurrency reserve policy: Bitcoin as a strategic reserve ensures the U.S. maintains a leading position in future digital transformation.

Trading Insights

Powell's speech preview before Friday: September rate cut expectations are unlikely to rise, spot trading advice is to "watch more, act less."

1. Two core possibilities for Powell's speech:

• Low probability scenario (direct denial of rate cut): Clearly reject September rate cut expectations, directly respond to Trump's related comments. The core reason for the low probability: Powell leans towards "technical" decision-making, relying more on data than direct policy confrontation; a hard stance does not align with his academic style.
• High probability scenario (data-driven statement): Unclear on September rate cut, focusing on key economic data signals.
  1. Countering Trump's "weak employment" view: Downplay the impact of non-farm data revisions to avoid reinforcing economic weakness expectations.
  2. Emphasizing inflation not meeting targets: Current inflation at 2.7% is still away from the 2% target, combined with PPI rebound, suggesting current conditions do not meet rate cut criteria.

1. Core conclusion: The probability of Powell being dovish is very low, caution is needed in spot trading.

• Style support: Powell's direct personality and focus on policy principles rarely release dovish signals in historical statements; this time, the likelihood of leaning towards "hawkish/neutral" is very high.
• Spot trading advice: This week is not suitable for entry, with the probability of decline greater than that of increase; it is recommended to "watch more, act less"; if related news about the speech leaks in advance, the market may start a downward trend early.

LIFE IS LIKE

A JOURNEY ▲

Below are the real trading signals from the Big White Community this week. Congratulations to the friends who followed along; if your trading is not going well, you can come and test the waters.

Data is real, each trade has a screenshot from the time it was sent.

**Search for the public account: *Big White Talks About Coins*

BTC

Analysis

Bitcoin's daily line rose from a low of around 117,150 to a high of around 118,550 yesterday, closing around 117,350. The support level is near MA60; if it breaks, it could drop to MA90. A pullback can be bought near this level. The resistance level is around 119,200; if it breaks, it could rise to around 121,000. A rebound near this level can be sold short. MACD shows an increase in bearish momentum, forming a death cross. The four-hour support level is around 114,150; if it breaks, it could drop to around 112,850. A pullback can be bought near this level. The resistance level is around 117,650; if it breaks, it could rise to near MA30. A rebound near this level can be sold short. MACD shows an increase in bearish momentum, forming a death cross.

ETH

Analysis

Ethereum's daily line rose from a low of around 4,390 to a high of around 4,575 yesterday, closing around 4,470. The support level is near the MA7 moving average; if it breaks, it could drop to MA30. A pullback can be bought near this level. The resistance level is around 4,535; if it breaks, it could rise to around 4,685. A rebound near this level can be sold short. MACD shows a decrease in bullish momentum, with signs of forming a death cross. The four-hour support level is near MA90; if it breaks, it could drop to MA120. A pullback can be bought near this level. The resistance level is near MA30; if it breaks, it could rise to around MA4635. A rebound near this level can be sold short. MACD shows an increase in bearish momentum.

Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific trading advice and does not bear legal responsibility. Market conditions change rapidly, and the article has a certain lag; if there is anything you do not understand, feel free to consult.

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