2024.8.21 Market Analysis

The big cake hit a high and fell back yesterday, and failed to hit the pressure level again. It will continue to fluctuate in the near future, and this idea is still maintained. In terms of form, the price trend is a triangular consolidation trend. It has not yet reached the critical point of change. Reflected in the transaction, it is shown that the volatility space will be further compressed. Therefore, in the contract transaction, follow the short-term idea and do not fight. Spot retracement and batch bottom-fishing before the strong currency!

The minutes of the Federal Reserve's monetary policy meeting + Jackson Hole meeting will be announced on Thursday and Friday respectively. The current technical form trend is highly coordinated with the event. The direction selection is coming soon.

Judging from the K-line form, the big market is expected to arrive in about three weeks. This time it has been sideways for half a year. If it starts, it will usher in a wave of majestic rises, until 90,000-100,000 US dollars! #杰克逊霍尔年会 #BTC