The recent market trends are influenced not only by technical factors but also by larger variables from the macro level.

The following potential events could sway the cryptocurrency market:

1. Federal Reserve Policy Direction

The Jackson Hole annual meeting has just concluded, and every word from Powell serves as a market barometer. If dovish signals are released, funds will quickly flow back into risk assets; if hawkish stances continue, the cryptocurrency market may still face pressure.

2. Global Inflation and Interest Rates

Inflation and employment data from the U.S. and Europe will directly determine the pace of future interest rate hikes or cuts. Once risk appetite warms up, Bitcoin is often one of the first assets to benefit.

3. Geopolitics

News such as the meeting between Trump and Zelensky and the situation in the Middle East may also lead to a shift between risk aversion and risk appetite. The seesaw effect between gold, the U.S. dollar, and Bitcoin cannot be overlooked.