The market of the crypto market has not brought people a good impression, but being able to see the trend and ambush in advance, the band operation still has a good effect. At present, both the US stock market and the crypto market are paying attention to the speech of the US Federal Reserve Chairman Bao on August 23. The Federal Reserve Chairman Bao will deliver a speech on the economic outlook at the Jackson Hole Economic Symposium at 10 am Eastern Time on August 23 (10 pm Beijing Time on August 23). As the market's expectations for the Federal Reserve to cut interest rates next month are getting higher and higher, the Federal Reserve is likely to fulfill this expectation. Wall Street tycoon Peter Schiff said that he will see a rate cut in September. The main reason is that the market is now counting on the rate cut in September. Bitcoin has been sideways around 60,000 US dollars, which reflects this point. As for the tense world situation, the US presidential election, and how Harris and Trump will arm wrestle, their remarks will be beneficial to the market before November. August 23 is the turning point of the crypto market.
