Crypto market analysis 8.21 The US dollar plunged and liquidity will be out

The expectation of US dollar rate cuts increased, and the US dollar fell in response, hitting a new low this year. When the US dollar weakened, the market was looking for a soft landing and the Fed's rate cuts, and the focus will be on Powell's speech on Friday. For a long time in the future, as long as the market is not at risk of a hard landing and collapse, the market will slowly get better in the future.

Ther Treasury minted 1,000,000,000 USDT.

Tether CEO Paolo Ardoino said that the 1 billion USDT was a supplement to Ethereum's inventory. This was an authorized but unissued transaction, which means that this additional issuance will be used for the next issuance request and cross-chain exchange inventory.

Daily level market

· Daily level:   Daily level is mainly oscillating and repairing, the daily line rushed to the key pressure position, the upper pressure is around 60800 and the key pressure is 61800, the upper pressure is around 63500, and the bottom support is around 57000

.4-hour level market· 4-hour level: the market moves from the weak increase at the 4-hour level to the range oscillation, the bottom support is around 58500, the bottom support of the range is around 56500, the upper pressure is around 61500, and the recent pressure is around 60000. Look at the daily pressure after the breakthrough.

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.

· The intraday trend is mainly positive, with a pressure of 60000: the intraday hourly line has a corrective increase, the upper pressure position is around 59700, the bottom support is around 58900, and the support is around 58500. The farther pressure position is around 60200. After breaking through, the 4-hour pressure will be seen.

The spot market needs to safely pass through this difficult moment in the history of encryption and remain calm in the face of difficulties. #杰克逊霍尔年会 #美联储何时降息？ #Btcoin