Crypto market analysis 8.19 The world is waiting for Powell! The risk of a plunge has been lifted.
The risk of a market plunge has been lifted, and in the short term, we are waiting for a rebound in macro news this week.
On Tuesday, August 20, the Reserve Bank of Australia released the minutes of the August monetary policy meeting. Jordan, the president of the Swiss National Bank, delivered a speech.
On Wednesday, August 21, Bostic, the 2024 FOMC voting member and the president of the Atlanta Fed, delivered a speech.
On Thursday, August 22, the number of initial jobless claims in the United States that week; the Federal Reserve released the minutes of the monetary policy meeting; the European Central Bank released the minutes of the July monetary policy meeting. The Jackson Hole Global Central Bank Annual Meeting was held.
On Friday, August 23, Federal Reserve Chairman Powell delivered a speech on the economic outlook at the Jackson Hole Annual Meeting;
The Jackson Hole Global Central Bank Annual Meeting will start this Thursday. , The Bank of Japan and the Federal Reserve will both deliver important speeches, which will affect the direction of the entire capital market. At the same time, several important monetary policy meeting minutes were released this week.
Daily level market
Daily level: Daily level is mainly oscillating and repairing. Pay attention to the retracement in the short term. The bottom support is around 57500-57000, the large level pressure is around 60800 and the middle track pressure is around 61800.
4-hour level market
4-hour level: The weak increase in the market at the 4-hour level has become mainly range oscillation, with bottom support around 57500, range bottom support around 56500, upper pressure around 60000-60200, and the maximum pressure around 61800 after breaking through.
Intraday level analysis
The recent sharp drop in Bitcoin is normal, 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 weakness repair is mainly downward: the intraday hourly line is mainly downward repair, with two key pressure positions near 59500 and 60500 above, and support near 57500 below. The news has a great impact. The support near 57500-58200 at the bottom of the day is very critical. After breaking it, the market will be extremely bad.
The spot market needs to safely pass through this difficult moment in the history of encryption and remain calm in the face of things.#BTC走势预测 #美联储何时降息？
