#ETH创历史新高
8.23 Weekend Morning Market Overview: Powell's Dovish Speech, September Rate Cut is a Done Deal
BTC opened this morning with a strong bullish candlestick, forming a bullish engulfing pattern compared to yesterday; Powell's speeches last night increased the probability of a rate cut in September to 91.1%, making a rate cut a certainty.
After Powell's speech last night, BTC surged dramatically, jumping from a low of 11.26 to 11.73, an increase of over 4700 points, with long positions benefiting while short positions fueled the rally; In the past 24 hours, total liquidation across the network reached 695 million, with short positions at 468 million and long positions at 226 million USD; As of now, after five consecutive days of net outflow, BTC spot ETF has started to see a net inflow of 1560 coins yesterday.
The weekend lacks liquidity, and BTC is hovering around 11.68, with 11.67 as a key level of support. Breaking through and stabilizing above 11.67 remains strongly bullish; if it breaks below and recovers, go long accordingly, targeting 11.84 and 11.9, with a stop loss at 11.57; conversely, if a large bearish candlestick breaks below without a rebound, go short, with a stop loss at 11.77, targeting 11.47 and 11.35; for high short positions, set an entry at 11.9, with a stop loss at 12, targeting 11.7 and 11.47.
Friends passing by, please give a follow and a like, it's the greatest support for me, heartfelt thanks! The above information is for market analysis only and should not be considered trading advice; follow me to stay informed with the latest news and analysis, as well as the wealth codes you desire, remember to hit follow and like!