Crypto market analysis 8.26 Loosening started, economic shift and other positive factors

Powell released a clear signal at the Jackson Hole meeting, and the monetary policy shift to loosening in September has basically been "set in stone"; the US Democratic Party Convention is held, and no matter who enters the White House, the expansionary fiscal policy is the unchanged route.

The current contradiction in the market is not whether there will be a rate cut in September, but the extent of the rate cut. Although Powell's overall speech is dovish, the market's implied probability of pricing a 25BP rate cut in September has not changed much. Secondly, the subsequent rate cut path is still unclear, and market expectations may continue to fluctuate.

Daily level market

 Daily level: Daily level fast news surface increase, the upper pressure is around 65,000, the bottom support is around 61,800, and the recent support is around 62,500. It rises rapidly during the day, but be careful of the liquidation of the retracement.

4-hour level market

4-hour level: The market is mainly repaired after a strong rise in the 4-hour level. It will temporarily fall back after encountering pressure. The nearest support position is around 63,500, and the maximum pressure above is around 65,000. Let's look at the repair first and stabilize it.

Intraday level analysis

The recent sharp drop in Bitcoin is a normal phenomenon. The main reason is 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.

After a strong rise in the day, it needs to be repaired and stepped back, or it is an upward trend: After a strong rise in the day, it will fall back in a small range. First, the bottom support position is around 63,550, and the upper pressure is around 64,800-65,000. The intraday direction is more difficult to play 1,500 points up and down, and waiting will be more preferred.

The spot market needs to safely pass this difficult moment in the history of encryption and remain calm in the face of things. $BTC #美联储何时降息？