Analysis of Fed Chairman Powell's Jackson Hole Annual Meeting Speech and Cryptocurrency Trading Strategies

As night fell, the global financial market focused on 10 pm, when Fed Chairman Powell delivered an important speech at the highly anticipated Jackson Hole Annual Meeting. However, this much-anticipated speech did not bring too many surprises. Mr. Powell, in a nearly "official confirmation" gesture, acquiesced to the market's widely expected 25 basis point interest rate cut in September. But he chose to keep the specific magnitude and frequency of the interest rate cut mysterious, leaving room for imagination.

The market's reaction to this has been preheated in advance, and the expectation of a 25 basis point interest rate cut in September has almost been hyped up. However, this has become a double-edged sword: if this is true, the expectation may be unfavorable, and the market may face adjustments; and if the interest rate is cut by 50 basis points, it may trigger concerns about economic recession, and it will also be difficult to escape the fate of falling. Mr. Powell's situation at the moment is like walking on a tightrope, and every step needs to be cautious.

But in this chaos, only one beam of light may illuminate the way forward for the market - that is Powell's clear mention of "25 basis points in September interest rate cuts, and two more interest rate cuts this year, totaling 100 basis points" at the meeting. Only in this way can the market's enthusiasm for interest rate cuts be ignited again and the market can be driven up.

For Ethereum (Ethereum 2), short-term traders can pay attention to the 15-minute or 1-hour level K-line. If the closing price stands above 2748, you can consider chasing long positions on the right side, and set a stop loss to control risks. The upper 2823 area needs to be vigilant. Once it is touched, you can consider shorting, but you need to respond flexibly to avoid fighting and carrying orders.

In addition, if the Ethereum 2 pulls back to around 2721, it can also be regarded as a small long opportunity, but it must also be stopped by falling below this price. It is worth mentioning that on-chain data showed in the early morning of today that the Ethereum Foundation transferred 35,000 ETH to Kraken. This move has often been accompanied by price declines in history, and its subsequent impact is worth paying attention to.

Finally, the upper pressure level and lower support level of the two cakes have been clearly marked. Investors need to flexibly adjust their trading strategies based on the actual market conditions. At the end of the meeting, I hope every investor can grasp the pulse of the market and move forward steadily. #新币挖矿DOGS #杰克逊霍尔年会