How will the market trend next? Pay attention to the macro environment

On Friday, Powell will speak at Jackson Hole, which is significant. Previously, the market was hoping for an interest rate cut in September, but inflation pressures have not eased, and expectations for a rate cut have diminished considerably, leading to a pullback in both the US stock market and the cryptocurrency market.

There are also reports about negotiations between the US, Russia, and Ukraine. If there is real progress, the risk premium will decrease, which theoretically is a good thing; however, if the talks collapse, market sentiment could quickly turn negative.

ETH almost reached a new high recently but has now been pulled back below 4200. Additionally, with many tokens unlocking this week, short-term liquidity is a bit tight. However, the institutional stance has not softened, as BMNR continues to aggressively increase its holdings in ETH, indicating that the main capital remains quite optimistic.

This week, the key point will depend on what Powell says. If his stance is relatively dovish, BTC could conservatively return to 120,000, and ETH could stand above 4500; if he continues to emphasize anti-inflation measures, the market will likely remain volatile. For altcoins, it's important to choose those with real logic and substantial positive news; do not blindly chase after them.

Overall, short-term fluctuations in the market may be larger, but the long-term trend remains unchanged. Taking advantage of the adjustment to find lower points for positioning will be a more prudent choice.

#加密市场回调 #Strategy增持比特币 #山寨季何时到来？ $BTC

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