August 14 Market Briefing

Fundamentals

Not much overnight news. Trump quickly appointed a new Federal Reserve Chairman, suggesting a direct personnel change; Bessent sent strong signals for rate cuts, expecting a reduction of 150-175 basis points, and the market quickly rallied after the speech. BTC surged towards 125,000, ETH faced resistance above 4,800; gold continued to fluctuate below 3,400.

Technical Analysis

BTC: Broke through previous highs, continuing the upward structure towards 117,000, with the first target of 125,000 in sight, and 130,000 possible. The 4-hour moving average support is trending upward, and the MACD shows a bullish crossover.

ETH: Strong in the short term, but there is a risk of divergence. The 4-hour support is at 4,605-4,620, the moving averages are under pressure, and the MACD shows signs of a bearish crossover.

Trading Recommendations

BTC Long: Enter at 122,900, stop loss at 122,500, target at 123,600-124,300, if broken look for 126,000.

BTC Short: Enter at 124,300, stop loss at 124,600, target at 123,000, if broken look for 120,000.

ETH Long: Enter at 4,615-4,630, stop loss at 4,593, target at 4,750-4,800.

ETH Short: Enter at 4,765, stop loss at 4,787, target at 4,615-4,670-4,710 (quick in and out).