8.23 Market Highlights:
1. After a false breakdown at the bottom, BTC quickly recovered. Powell's statement is slightly dovish, and the market has been suppressed for a long time. However, I do not believe a trend reversal will form here, so don't rush into FOMO (fear of missing out and blindly following);
2. ETH has reached a new high for the first time in four years, driven entirely by spot buying power. Additionally, there is a certain degree of market overreaction, so the current price is understandable. It is expected that the weekend will mainly focus on accumulating liquidity and repairing indicators;
3. OKB continues to perform strongly. Even though the current price is high, as long as there is narrative support, it is worth buying. As it stands, we are far from reaching a peak;
4. Powell stated at yesterday's Jackson Hole meeting: The risk of the labor market performing worse than expected is rising, and the economic outlook is shifting towards supporting a restart of interest rate cuts;
5. Trump stated: If Federal Reserve Governor Cook does not resign, he will fire Cook;
6. The Trump family token WLFI is expected to open for airdrop collection and trading on September 1 at 8 PM mainland time on Ethereum.
