Powell's speech at Jackson Hole meeting attracts market attention

Market Status

• BTC price $113,026, down 0.74% in 24 hours, trading volume $5.837 billion

• ETH price $4,239, ETH/BTC ratio 0.037240

• Market volatility has contracted significantly, Bitcoin futures open interest has decreased by 12%

• Spot trading volume decreased by 18% year-on-year, investors have entered a wait-and-see state

Key Drivers

• Powell will deliver his annual speech at 22:00 Beijing time on August 22

• The market expects the September FOMC to cut interest rates by 25 basis points

• RBA's Copes warns: Inflation has not met the standard, may release ambiguous signals

• The US dollar index is trading sideways, and new tariff policies may increase market pressure

Trading Strategy Recommendations

• BTC short-term support level $110,000, resistance zone $125,000-$130,000

• ETH is in the $4,000-$4,500 range, suitable for grid trading

• Pay attention to changes in implied volatility (I), which has fallen below 35% and is close to historical lows

• Pay attention to the directional breakout of the BTC quarterly contract within 24 hours after the speech

Community Sentiment Analysis

• The focus of discussion is on "the risk of fulfilling expectations of interest rate cuts" and "the possibility of decoupling of the crypto market"

• Some believe that tariff policies may accelerate capital inflow into the crypto market

• $115,000 is regarded as a key psychological level for BTC

• ETH futures funding rates remain positive, long-term investors continue to invest $BTC $ETH #BNB创新高 #加密市场回调