The 8.15 Bitcoin has dropped due to data impact and is currently back around 118,000. Coinbase has completed the acquisition of the cryptocurrency options trading platform Deribit.

CN
3 hours ago

Cryptocurrency News

Hot Topics on August 15:

1. KULR releases Q2 financial report: Quarterly revenue reaches $397 million, mainly due to the rise in Bitcoin.

2. Former employee of Pump.fun admits to abuse of power, fraud, and transferring criminal property.

3. The U.S. sanctions Russian cryptocurrency payment networks, involving ruble-backed stablecoins and exchanges.

4. The U.S. Securities and Exchange Commission (US SEC) delays its decision on the Solana ETF proposals from Bitwise and 21Shares until October.

5. David Bailey's Nakamoto and KindlyMD complete the merger of the Bitcoin treasury.

Trading Insights

Is the Federal Reserve's interest rate cut in September just a "pipe dream"? Don't follow the trend in the cryptocurrency market; here are 5 truths that shatter expectations!

  1. Federal Reserve's "Hardline Bottom Line": No rate cut without solid data. Despite Trump appointing some dovish officials, the core team, including Powell, is clear: rate cuts must wait until inflation "truly recedes" and will not be swayed by speculative enthusiasm in the cryptocurrency market. The risk of inflation rebounding far outweighs short-term sentiment; policy looks at "data," not "slogans."

  2. Inflation "Surface Cooling": Core pressures remain, a rate cut would be "pouring oil on the fire." Although CPI and PPI have softened slightly, core inflation remains high, and the root causes of rising prices have not been eliminated. A hasty rate cut in September would be equivalent to "flooding the market," potentially allowing inflation to return, and subsequent policy fluctuations would exacerbate volatility in the cryptocurrency market.

  3. Economic "Resilience Still Exists": No signs of recession, no need for rate cuts. The U.S. job market is strong, wages are rising, and there are no clear signs of recession. The Federal Reserve uses rate cuts as a "market rescue tool," and currently, there is no "firefighting demand." Dollar liquidity is unlikely to loosen in the short term, and the capital situation in the cryptocurrency market remains constrained.

  4. Market "Expectations Overheated": Speculation has bubbles, chasing highs can lead to losses. Investors have already treated "rate cuts" as a "market rescue remedy," and capital in the cryptocurrency market has followed suit, inflating bubbles. However, the Federal Reserve "looks at data," and if expectations fall short, those chasing highs may become "bag holders."

  5. Global "Risks Intertwined": External complexities make policy difficult to loosen. The global economic recovery is weak, and geopolitical tensions make the Federal Reserve's policies more cautious—loosening monetary policy at this time could exacerbate domestic risks, and macro instability itself is a potential hazard for the cryptocurrency market.

Practical Advice for the Cryptocurrency Market: ① Short-term capital is tight; do not blindly go long.
② Monitor inflation and employment data for the second half of the year, waiting for "solid signals."
③ Strictly control positions to avoid being "cut down" by emotions.
④ Pay attention to the Federal Reserve's meeting minutes and officials' speeches to anticipate market direction.

LIFE IS LIKE

A JOURNEY ▲

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

Data is real, and each trade has a screenshot from when it was issued.

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

BTC

Analysis

Bitcoin's daily line fell from a high of around 124,600 to a low of around 117,150 yesterday, closing around 118,250. The support level is around 115,000; if it breaks, it could drop to around MA60. A pullback could be a good opportunity to go long. The resistance level is around 120,300; if it breaks, it could reach a new high. MACD shows a decrease in bullish momentum, indicating a potential death cross. The four-hour support level is around MA200; if it breaks, it could drop to around MA90. A pullback could be a good opportunity to go long. The resistance level is around MA30; if it breaks, it could reach around 121,000. A rebound to this level could be a good opportunity to go short. MACD shows a decrease in bearish momentum.

ETH

Analysis

Ethereum's daily line fell from a high of around 4,795 to a low of around 4,450 yesterday, closing around 4,545. The support level is near the MA7 moving average; if it breaks, it could drop to around MA14. A pullback could be a good opportunity to go long. The resistance level is around 4,755; if it breaks, it could reach a new high. MACD shows a decrease in bullish momentum. The four-hour support level is around MA30; if it breaks, it could drop to around 4,320. A pullback could be a good opportunity to go long. 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 may have some lag; if you have any questions, feel free to consult.

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