Tonight at 10 PM is the Jackson Hole annual meeting, Powell's speech is highly anticipated, and the sentiment is gradually turning pessimistic. Even yesterday's Trump's warning failed to boost the market.
It is very likely that he will not clearly state a rate cut policy for September, but will emphasize data-driven decisions. However, he may show a non-opposing attitude towards rate cuts. Although BTC prices are adjusting, the turnover rate is actually decreasing. It is quite difficult to judge the subsequent direction of the game dominated by rate cuts. Be prepared for sharp fluctuations tonight.
I believe the possibility of a hawkish stance is relatively high. The US stock market has fallen for a week, indicating that smart money has already exited. Nonetheless, the market's support remains relatively stable. If it truly falls below 110,000, it will definitely attract a lot of bottom-fishing funds.
The countdown begins, everyone take your positions.
Want to double your account, want to enjoy big profits, want to successfully break even.
Stay close to Sister Qing and position yourself in advance for the main bull market wave!
