Good Morning,

Here’s a rundown of key events to watch this week:

- Web3 Summit 2024 (August 19-21)

- 5th Joint International Conference on AI, Big Data, and Blockchain (August 19-21)

- Fed Members Speak (August 19-20)

- Eurozone CPI (August 20)

- FOMC Minutes (August 21)

- Jobless Claims (August 22)

- Fed Chair Powell Speaks (August 23)

These events could provide crucial insights into a potential rate cut in September, with the possibility of a 25bps or 50bps adjustment.

Technical Analysis Perspective

From a technical analysis standpoint, the market seems to be forming a local bottom. Notably, some altcoins are breaking out of their downtrends, indicating possible shifts in the broader market.

Personal Strategy

I'm currently accumulating altcoins, sticking to the plan, and tuning out the noise. This strategy is rooted in a high-timeframe outlook, so patience is key as it unfolds. Additionally, keep an eye on the Gaming/NFT ecosystems—they're showing considerable strength recently.

Closing Thoughts

I hope you had a great weekend. Let’s aim for a productive week ahead!

#PowellAtJacksonHole #CryptoMarketMoves #LowestCPI2021 #MarketDownturn #SahmRule