The long position made a small profit and exited; there is a high probability of interest rate cuts in September, so be cautious about further declines! Evening thoughts on August 18th

In this farewell speech before Powell's term ends in May next year, he faced a dilemma—current economic data is pulling in both directions, putting his "data-dependent" strategy in a difficult position. His colleagues have differing opinions on whether "high inflation" or "high unemployment" poses a greater risk. Nevertheless, both investors and the Trump administration strongly anticipate that the Federal Reserve will cut interest rates at the September meeting. However, there is significant controversy about how many basis points will be cut, so everyone should be cautious about further declines!

Today's suggested pullback for long positions was not very good; after entering long today, it almost stopped falling, and in the evening, I finally made a floating profit, then set the stop loss at 4340, which was triggered. I also exited with a small loss on the long position. Currently, from a technical perspective, the price has broken below the four-hour Bollinger lower band, and the price has formed two longer candlesticks in a row. The fast line of KDJ is clearly slowing down and shows signs of turning upward, and the MACD's volume is also slowing down. Therefore, I do not recommend continuing to short at low levels!

The U.S. stock market opened basically flat today; although it is currently slightly declining, it is not too weak, so Conan believes that evening operations should focus on pullback long positions! The resistance levels above to watch are 117200, 118000, 18500, and 119200; the support levels below to watch are 114600, 114200, 113300, and 112600.

Evening thoughts for August 18th for aggressive traders: pullback at 42 thoughts: aggressive traders should go long one hand at 114300-114800, add to the position in the 113500-113700 range, defend around 112500, target around 115500-116000-116500, if broken, look for 117000-117200, continue to move the stop loss and take profit as conditions allow!

Evening thoughts for August 18th for Ethereum: aggressive traders should go long one hand at 4250-4280, add to the position at 4200-4230, defend around 4170, target around 4330-4370, if broken, look for 4500-4520, continue to look for 4550-4580-4600, and continue to move the stop loss and take profit as conditions allow!

Recently, the market has been quite volatile; strict stop-loss measures must be adhered to, and positions should not be held without limits. Managing risk is essential to preserve capital. Only with capital can a comeback be made! #加密市场回调