Crypto Market Analysis 8.20 Crypto occupies the majority of votes, and the economy reversed this week

The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 77%. According to CME's "Fed Watch", the probability of the Federal Reserve cutting interest rates by 25 basis points in September is 77%, and the probability of cutting interest rates by 50 basis points is 23%. The probability of the Federal Reserve cutting interest rates by 50 basis points by November is 60.1%, the probability of cutting interest rates by 75 basis points is 34.8%, and the probability of cutting interest rates by 100 basis points is 5.0%.

September is about to start, and the enthusiasm of the two parties to hype is coming soon. Then they will start to release funds to start favorable markets. No matter how Powell will cause panic in the market next, the authorities will definitely stimulate the market with favorable economic votes in the future. From this week to the end of August next week, the market will see a reversal at the level of whole swings.

Daily level market

Daily level: The daily level is mainly oscillating and repairing. The daily line rushes to the key pressure position, with upper pressure near 60800 and key pressure of 61800, upper pressure near 63500, and bottom support near 57000.

4-hour level market

4-hour level: The market moves from a weak increase at the 4-hour level to a range oscillation, with bottom support near 58500, range bottom support near 56500, upper pressure near 61800, and daily pressure after breaking through.

Intraday level analysis

The recent sharp drop in Bitcoin is normal, mainly due to the uncertainty of US politics. As well as the current economic instability, there may be a risk of a hard landing at any time. It is normal to have a big drop or a big rise and a liquidation. Just survive, and don't worry too much about other things.

 The intraday increase is the main one, and the retracement is bullish, otherwise the pressure will go down directly: the intraday hourly line has a strong increase, but now it has come to the key position of 60800. The first wave of pressure retracements to the support near 60200-60000. After that, pay attention to the accumulation of upward momentum. The intraday big pressure is near 61800. If the bottom support of 60200 is not supported in the short term, it will continue to decline.

The spot market needs to safely pass through this difficult time in the history of encryption and remain calm in the face of things. #杰克逊霍尔年会 #BTC走势预测