Cryptocurrency News
Hot Topics on August 22:
1. Upbit will launch AERO trading pairs in KRW, BTC, and USDT.
2. The acting chair of the U.S. CFTC announces the start of a new round of cryptocurrency regulatory push.
3. Federal Reserve's Collins: If the labor market outlook worsens, it may be appropriate to cut interest rates in the short term.
4. Today's CME "FedWatch" data: The probability of a rate cut in September has dropped to 75%.
5. Significant changes in the synthetic BTC landscape, with Coinbase's cbBTC becoming the fastest-growing synthetic BTC product on Ethereum.
Trading Insights
Powell sets the tone tonight! Amid the "cooling" wave from the Federal Reserve, U.S. stocks and gold are both falling while the dollar remains strong. Market expectations for a Fed rate cut are rapidly retreating, with U.S. stocks, gold, and U.S. Treasuries all declining, while the dollar stands out. Last night, three regional Fed presidents released concentrated "hawkish" signals, and Powell's speech at 22:00 tonight will be key to market rhythm. The three officials "doused cold water" on rate cut expectations: 1. Schmid (19:00): Stated there is no rush to cut rates, as inflation risks outweigh labor market risks, denying speculation of an early rate cut to stabilize employment. 2. Bostic (20:00): Only expects one rate cut this year (previously the market expected two), emphasizing a large confidence interval in predictions, suggesting rate cuts may be slower. 3. Harker (24:00): Stated "if the decision were made tomorrow, I would not support a rate cut," reinforcing a hawkish stance. As a result, the probability of a rate cut in September plummeted from 80% to 65%, with a slight recovery to 70% at the close, indicating a clear cooling of rate cut sentiment.
Powell's speech preview: "Calm image" behind expectation management. Previously, the "New Federal Reserve News Agency" reported that Powell informed colleagues he feels "no pressure," maintaining a regular exercise routine at 72, suggesting he is in good shape. This statement aims to shape the decision-makers' image of "calm response," conveying that the Fed will not deviate from its "inflation-targeting" policy path due to short-term market fluctuations. If Powell maintains a hawkish stance tonight, it will further strengthen expectations of "liquidity tightening," potentially putting pressure on mainstream cryptocurrencies like BTC and ETH alongside risk assets.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White Community this week. Congratulations to those who followed along; if your trades are not going well, you can come and try your luck.
Data is real, and each trade has a screenshot from when it was sent.
**Search for the public account: *Big White Talks About Coins*
BTC
Analysis
Bitcoin's daily line fell from a high of around 114,750 to a low of around 111,950 yesterday, closing around 112,450. The support level is near MA90; if it breaks, it could drop to MA120. A pullback could be a buying opportunity nearby. The resistance level is near MA60; if it breaks, it could rise to MA30. A rebound to this area could be a selling opportunity. MACD shows increasing bearish momentum. The four-hour support level is near 112,150; if it breaks, it could drop to around 109,700. A pullback could be a buying opportunity nearby. The resistance level is near 113,450; if it breaks, it could rise to 115,450. A rebound to this area could be a selling opportunity. MACD is oscillating and flattening, with the two lines converging.
ETH
Analysis
Ethereum's daily line fell from a high of around 4,340 to a low of around 4,205 yesterday, closing around 4,225. The support level is near 4,175; if it breaks, it could drop to around 3,910. A pullback could be a buying opportunity nearby. The resistance level is near MA14; if it breaks, it could rise to around 4,410, and if it breaks again, it could rise to around 4,590. A rebound to this area could be a selling opportunity. MACD shows increasing bearish momentum. The four-hour support level is near MA120; if it breaks, it could drop to MA200. A pullback could be a buying opportunity nearby. The resistance level is near MA90; if it breaks, it could rise to MA60. A rebound to this area could be a selling opportunity. MACD shows increasing bullish 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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