Attention! The downtrend of Auntie's is still ongoing, and it has now reached the vicinity of the downtrend line again, with clear resistance. Jingyi doesn't dare to bet that it will break through for sure; aggressive traders can short it. If it breaks through, conservative traders can go long later. If it doesn't break through, it might fall back to 4000, and fans may have to buy at low prices again.
The same goes for Bitcoin; do not trade based on feelings. In addition to looking at technical aspects, the key event will be Powell's speech last Friday at 10 PM, which should impact the market. If Powell's tone softens, a rate cut in September will be almost certain, and we could see levels above 125000. If he adopts a hawkish stance, a rate cut in September is uncertain.
Jingyi cannot predict what Powell will say in advance, so fans should remember to trade cautiously around key levels, and we hope that old Powell will be reasonable, and everything will go smoothly for us!
