Crypto Market Analysis 8.23 ​​Trump has a higher chance of winning? Is the crypto market going to rise sharply?

If Bitcoin breaks through 62,000 today, most short positions will be liquidated, with a liquidation amount of up to 1.2 billion US dollars. If it falls below 59,000 today, then this round of long positions will be liquidated about 1 billion US dollars.

The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 75%, and the probability of cutting interest rates by 50 basis points is 25%. The probability of the Federal Reserve cutting interest rates by 50 basis points by November is 54.7%, the probability of cutting interest rates by 75 basis points is 38.5%, and the probability of cutting interest rates by 100 basis points is 6.8%.

     Tom Lee believes that the market's expectations for Trump's victory are higher than the polls show, and this may push up the prices of assets including Bitcoin. Although polls show Kamala Harris leading, investors in the cryptocurrency market believe that Trump is more likely to win.

Daily level market

· Daily level: Daily level shock repair is the main, the daily line rushed to the key pressure position, the upper pressure is around 61800, the key pressure is around 62500, the upper pressure is around 63500, the bottom support is around 57000. and around 59000.

4-hour level market· 4-hour level: the market went through the 4-hour level of range shock and turned into a weak increase, the bottom support is around 59500, the bottom support of the range is around 58500, the upper pressure is around 61800-62200, and the recent pressure is around 61000. Look at the daily pressure after the breakthrough.

Intraday level analysis

The recent sharp drop in Bitcoin is a normal phenomenon, mainly due to the uncertainty of American politics. As well as the current economic instability, there may be a risk of a hard landing on the news at any time. The current sharp drop and surge are normal. Just keep yourself alive, and don’t worry too much about other things.

· The intraday trend is mainly volatile and falling, and the big cake is powerless to look at the cottage. The key position is 60000: the hourly line repairs the market during the day, and the temporary decline is the main trend. The upper pressure is around 61000, and the bottom support is around 60000. After breaking through, the four-hour support will be around 59500.

The spot market needs to safely pass through this difficult moment in the history of encryption and remain calm in the face of difficulties. #杰克逊霍尔年会 #美国CPI数据连续第4个月回落