GM! 🍵 #Bell's Monday Report is here! Are you ready to welcome the new week's market trends?
[Conclusion First]
This Thursday (08/21), the Federal Reserve will release the minutes from its meeting. Currently, the market is influenced by related economic data, with the expectation for three interest rate cuts in 2025 being revised down to two, which may cause price fluctuations.
The price last week liquidated a large amount of short liquidity around $120,000. The price is currently testing the $116,000~$120,000 range again; if it breaks down, attention should be paid to the previous low near $112,000.
♡～●～○～♡～●～♡～○～●～♡～○
[Detailed Content Here]
This Thursday (08/21), the Federal Reserve will release the latest meeting minutes. Currently, the market is affected by last week's related data, with expectations of three interest rate cuts in 2025 turning to two, and concerns about rising inflation have intensified, so price fluctuations should be monitored.
Sosovalue data shows that the current Fear and Greed Index has slightly decreased to a neutral-to-greedy state. The market cap of stablecoins continues to grow, and the ETF inflow has begun to stabilize. Option volatility has slightly decreased, and the ∆25 Skew data continues to show a bearish trend, with green leaf long leverage positions remaining stable.
$BTC price hit a new high last week and has since retreated, currently testing the lower edge of the $116,000 range, with $112,000~$114,000 being another short-term support level to watch for a potential breakdown. From the liquidation map, last week saw the liquidation of a large number of shorts around $120,000, and currently, there is a slight accumulation of longs around $110,000~$116,000, while shorts are accumulating again near $125,000.
