⚠️⚠️Attention! Tonight at 10 PM, Federal Reserve Chairman Powell will speak at the central bank's annual meeting, which can basically decide whether to cut interest rates in September and by how much. #杰克逊霍尔会议
According to current feedback, the likelihood of a 25 basis point rate cut by the Federal Reserve in September is very high, and Bitcoin is currently around 112000, which is also a strong support level in this range. The market is being manipulated as a whole; once there’s bad news, they can pick up cheaper chips, and once there’s good news, they can take advantage of the situation and launch the price up, after all, they have already harvested most of the bulls recently.
In such an uncertain market, at such a position, not many people are willing to participate directly in trading, as there’s really no cost-effectiveness in either going long or short; it can only rely on speculation!
No matter how the market is affected by events next, I personally believe that following your trading strategy won't be a big problem, as long as you keep your position small and leave enough room for error.
112000 is the support level in this range; you can enter the market using a three-phase strategy at 110000, 105000 respectively, with a stop loss at 100000. Once there’s good news, take profit at 115000, 118000, and 120000. Specific profit-taking can be entrusted, of course, you need to monitor the market for specific operations based on the trading cycle's trends.
Technical indicators often give you clear entry and exit points, but don't rely solely on technical indicators for trading; entering and exiting really requires technical indicators to provide you with clearer signals for market changes.
If you want to understand market change signals, follow the subsequent articles. I will publish the changes as soon as they appear. $BTC $ETH $SOL
