The moment that decides life and death tonight is approaching. At 22:00, Old Bao will speak at the once-every-four-years Jackson Hole Conference. By around 21:00, we will have a rough idea of Old Bao's main points.
After all, capital and the market always respond to movements before news does.
Now let's talk about the capital movements in the chain data. Last night, the U.S. stock market opened low and continued to decline, causing the market to drop at one point. However, during this decline, there were several large capital purchases of Ethereum, and the purchase positions were no lower than 4100.$ETH
This also hints at some key information. Personally, I feel that regardless of whether tonight's meeting is good or bad, it won't stop the market anymore. The sentiment is already set; one more word and it's done. Old Trump might as well go looking for Old Bao to chat with a gun in hand.
From the four-hour perspective, as long as it stabilizes at the 4300 level, this downward trend will come to an end.
Pay attention to @晗姐财经 . I will continue to update market analysis and share quality strategies to help all friends navigate this bull market and safely reach the shore.
