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Cryptocurrency market volatility intensifies: Federal Reserve dynamics and geopolitical factors become key, multiple currencies under pressure awaiting a breakthrough

In the past two days, the market briefly dipped, with Bitcoin attempting to break through the 1120 bottom, and various currencies following suit. The sudden drop of 4500 triggered a sell-off, driving price fluctuations. The reasons for this are largely related to news developments.

Federal Reserve dynamics: The market is focused on Powell's speech at the Jackson Hole meeting from August 21-23, with the current probability of a 25 basis point rate cut in September at 85%. However, the 0.9% increase in July PPI weakens expectations for a significant rate cut, and if hawkish signals are released, pressure on the cryptocurrency market may intensify.

Geopolitics: Meetings between Trump and Zelensky, as well as talks with Putin, have not resulted in a ceasefire, increasing geopolitical uncertainty, which raises risk-averse sentiment and impacts the cryptocurrency market.

Market sentiment: Bullish options are dominant, but low volatility (DVOL 2.6%) hides potential risks, and there may be unusual movements in the market.

Close attention should be paid to key points in the short term: August 20 Federal Reserve minutes, August 22 Powell's speech, as well as September non-farm payrolls, CPI, and other data.

Key levels to watch: If Bitcoin falls below 1120, it may test 1080; if Ethereum falls below 4000, a sell-off may intensify.#杰克逊霍尔会议 #加密市场回调