Crypto market analysis 8.12 The stock market has collapsed continuously. Will it reverse this week?

Robert Kiyosaki, the author of "Rich Dad Poor Dad", declared that the stock market crash has come and "the losses are heavy". He emphasized that the stock market crash provides investors with a profitable opportunity to buy assets at lower prices. Kiyosaki suggested that people view this recession as an opportunity to get rich, and predicted that gold, silver and Bitcoin will rise sharply in the future.

According to CME's "Fed Watch": The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 51.5%, and the probability of cutting interest rates by 50 basis points is 48.5%. The probability of the Federal Reserve cutting interest rates by 50 basis points by November is 36.8%, the probability of cutting interest rates by 75 basis points is 49.4%, and the probability of cutting interest rates by 100 basis points is 13.9%.

Daily level market

 Daily level: The daily level continues to fall, with the upper pressure position near 59,500, and the lower support position near 57,000 and 54,500. If it does not fall below 54,500, the large-scale upward trend is still there.

4-hour level market

4-hour level: the market continues to fall after rebounding, the bottom support position of the 4-hour level is around 57300, and the upper pressure position is around 59500.

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.

Intraday shocks and upward: The intraday downward trend has not ended yet. The first support below is around 58000 and 57700. If it does not fall below, it will continue to oscillate at this position. If it does not rise above the pressure position of 58800, it will continue to fall.

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