Powell's Last Dance! ETH is About to Break Through 5000 Violently! But Most Retail Investors Will Be Slaughtered Tonight?
As soon as the Fed's horn sounded, the crypto world was like a ball that had been pressed to start — just remember to wear non-slip shoes when the party is over.
1. News: Powell Just Downed His Energy Drink
Last night at the Jackson Hole annual meeting, Powell's speech directly served a strong energy drink to the restless crypto market! Two signals should be highlighted with a highlighter:
The Fed is basically set to cut interest rates by 25 basis points in September, even Trump has jumped out to say he wants to replace Powell
Clearly stated that "the liquidity of digital currency will be included in the new policy framework"
With this set of punches, ETH surged 400 points in just one hour! But friends, stay clear-headed: the real opportunity to get in is during the pullback, chasing the high now is just sending red envelopes to the main players!
2. Technicals: ETH is Stuck at the Barrier, Catching its Breath
Do you see it? ETH is currently stuck under the 4770 resistance level, hesitating to break through. Although the MACD has lit up with a golden cross, the volume hasn't kept pace at all! Remember these three key levels:
Golden pit safety cushion: beware if it falls below 4200
Main player cost zone: 4476-4555, this is the cost line for large funds
Bull market entry ticket: only when it stabilizes above 4888 can it be considered the real bull market's stepping stone
3. Retail Investor Survival Manual: Don’t Be the Chives in a Pressure Cooker
The current market is like a pressure cooker with a lid on, and Powell just added some fuel.
Wait to get in batches around 4450 for the safest approach
Don’t let FOMO emotions lure you to rush to the 4800 peak as a bag holder
Focus on tonight at 20:00 for the US GDP data, there might be a black swan suddenly flying out!
My Exclusive Prediction:
The sprint time for this wave of the market will last at most 3 days. When the September interest rate cut lands, it’s highly likely to perform a reversal game of good news turning to bad! However, there’s a hidden good news that hasn’t been detonated yet — the Shanghai upgrade 2.0 of the ETH ecosystem's testnet is going online next week, and it might just give the market a strong shot in the arm...
If you are still too confused, you can follow me; I often analyze some cutting-edge information and work strategies. Feel free to come and discuss anytime, and let’s seize the big opportunities together!
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