8.16 Macroeconomic Market Analysis

Good evening, brothers. The market has pulled back these days, and I've received a lot of private messages from brothers asking if it will drop to 70,000. Some ETH holders who were ready to dive in at 4,800 are now doubting and feeling scared, which is quite different from the confidence they had back then.

This week, the PPI exceeded expectations, leading to a decrease in interest rate cut expectations. Additionally, Trump has started imposing tariffs, with a 300% tariff on chips. The US stock market fell from historic highs on Friday, affected by Trump's latest tariff threats. Chip stocks fell across the board, and the stock market's decline is continuing to impact the crypto space. BTC at high levels is susceptible to corrections.

However, from on-chain data, BTC and ETH are still flowing out of exchanges. The proportion of whales is relatively high. There are no signs of the 'doge' style investors planning to dump their holdings and run.

Next Thursday at 2 AM, the Federal Reserve will release the minutes of its monetary policy meeting. Following the unexpectedly weak employment report in July and encouraging CPI data, Powell may pave the way for an interest rate cut in September.

Let's take a look at the institutional entry prices:

BTC is around $100,000-$110,000

ETH is around $3,500

BNB is around $760

Currently, profits are not substantial, so it’s safe. From a long-term perspective, this round of correction is a continuation of the bull market, so we don’t need to worry.

This analysis is for friendly reference only. Adults should be responsible for their own decisions. Investment carries risks, please invest with spare money and think independently!