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The Federal Reserve proposes allowing ownership of cryptocurrencies, institutions cautiously bottom-fish amidst frequent sell-offs! 8.20 Bitcoin Auntie Thoughts
The Vice Chair for Supervision of the Federal Reserve, Michelle Bowman, suggested on Tuesday that Fed employees should be allowed to hold a small amount of cryptocurrency products, believing that experience will help them better conduct oversight of these financial markets. Bowman stated that relaxing investment restrictions for employees may also assist in recruiting and retaining professional bank examiners, and that a 'minimal' holding of cryptocurrencies and other digital assets would help employees gain practical understanding of these products. This also indicates that the regulatory stance of the Trump administration towards the cryptocurrency sector is becoming more friendly. The long position strategy given yesterday resulted in nearly a thousand points gain in Bitcoin during the day, and over a hundred points in Ethereum, but continued long positions in the evening regrettably hit stop-losses, effectively working for the exchanges yesterday.
From a technical perspective, the daily chart shows two consecutive bearish candles, with the price breaking below the lower bound of the 60-day moving average. The Bollinger Bands are widening, and the KDJ lines have crossed downwards but the fast line is significantly slowing down, with all three lines in the oversold zone. The MACD double lines have crossed downwards and are diverging, with volume increasing; the upper boundary on the daily chart has dropped to near the lower boundary, having fallen over ten thousand points. Therefore, for intraday operations, Conan suggests focusing on short positions during rebounds, with some minor long positions as support! Key resistance levels to watch above are 116000, 117000, 118500, and 119200, while support levels below are 112500, 111800, 111000, and the 110000 mark. For Ethereum, key resistance levels above are 4325, 4385, 4490, and 4670, with support levels below at 4050, 4000, 3950, and 3880.
8.20 Bitcoin Short Position Strategy: Aggressive traders can enter short positions on rebounds at 115500-116000, while conservative traders can enter at 116500-117000, with a stop-loss at 117500. The target is around 115000-114500-114000, and below that, watch for levels around 113500-113000-112500, with trailing stop-loss adjustments as necessary!
8.20 Ethereum Short Position Strategy: Aggressive traders can enter short positions on rebounds at 4270-4300, while conservative traders can enter at 4330-4370, with a stop-loss near 4420. The target is around 4200-4150-4100, with further levels around 4050-4000 for breakdowns, with trailing stop-loss adjustments as necessary!
Long Position Strategy: Aggressive traders can add a long position during Bitcoin's pullback at 112500-113000, with a stop-loss near 112000. The target is around 114000-114500-115000, with further levels around 115500-116000 for breakdowns, with trailing stop-loss adjustments as necessary!
Aggressive traders can add a long position during Ethereum's pullback at 4080-4110, with a stop-loss near 4050. The target is around 4200-4250, with further levels around 4300-4330 for breakdowns, with trailing stop-loss adjustments as necessary!
In the last 12 hours, the main large orders show that the buying transaction amount reached 174 million USD, far exceeding the selling orders of 569.49 million, with a net inflow of 104 million USD. The buy-sell ratio reached 2.5:1, indicating strong willingness of the main force to buy. In particular, two large purchases of over 17 million in Binance contracts further confirmed the signs of capital inflow. Although the current price is below the EMA 24/52 moving averages, the candlestick pattern shows a 'three white soldiers' formation, and with the RSI breaking the upward trend line, the rebound momentum is accumulating. Currently, the long position in Bitcoin has a floating profit of over 1000 points, while Ethereum has gained over 100 points. I moved the stop loss for the Ethereum long position to 4290 and it was hit, but Bitcoin is still in play. Friends who are following can move the stop loss to 115200/4280 for profit! Those who haven't entered can continue to buy on the dip in the evening!
8.19 Bitcoin evening trading strategy: Enter long on the dip at 114500-114700, with a stop loss at 114000. The target is around 115500-116000, and if broken, look for 116500-117000. Continue to adjust the stop loss for profit based on the situation!
8.19 Ethereum evening strategy: Enter long on the dip at 4220-4250, with a stop loss at 4160. The target is around 4300-4330-4350, and if broken, look for 4380-4500. Continue to adjust the stop loss for profit based on the situation!#Strategy增持比特币 #加密市场回调
Suggestions for long positions provided within the day. Bitcoin is currently over a thousand points, and Ethereum has around seventy points. Friends who have followed can take profits or move their stop losses to protect profits! It is recommended to move to 4250/115000, with upper targets looking at 116000-116500/4300-4350. Those who haven't entered yet should wait for the opportunity to get in, and the morning's strategy remains unchanged! $BTC #加密市场回调 #俄乌冲突即将结束?
The Governor of Illinois demands that cryptocurrency exchanges accept state regulation to guard against a potential blow from the Federal Reserve! 8.19 Bitcoin Auntie's Strategy
The Governor of Illinois has signed the "Digital Assets and Consumer Protection Act" and the "Digital Asset Self-Service Terminal Act," requiring cryptocurrency exchanges to accept state regulation, while criticizing the Trump administration for relaxing federal cryptocurrency oversight.
The Chairman of the Federal Reserve will deliver a highly anticipated speech in Jackson Hole, Wyoming, this Friday. Some analysts believe that a rate cut in September is not a sure thing, as inflation remains above the Federal Reserve's 2% target, and with tariffs putting upward pressure on prices, inflation is on the rise.
From a technical perspective, the daily Bitcoin chart shows another long lower shadow bearish candle. Looking at the closing price, the coin price is still in a downward trend, and in the morning, the coin price continues to lean bearish, with technical indicators still favoring bearish sentiment. Therefore, for intraday operations, Conan suggests focusing on shorting during rebounds, with minor long positions as a supplement! Key resistance levels to watch above are 117,000, 118,500, 119,200, 120,000, 122,000, 124,500, and 126,000; key support levels below are 114,600, 113,300, 112,600, and 111,800. For Ethereum, watch the resistance levels at 4,490, 4,670, 4,740, 4,800, and 4,870; support levels below are at 4,220, 4,160, 4,050, and the 4,000 mark.
8.19 Bitcoin Short Strategy: Aggressive traders can enter short positions on rebounds between 117,500-118,000; conservative traders can enter between 118,500-119,000, with a stop loss at 119,500 and a target around 116,000-115,000-114,600. If it breaks down, look for 114,000-113,300. Continue to adjust stop losses based on the situation!
Long Strategy: Aggressive traders can add a long position on dips between 114,000-114,300, and add more between 113,300-113,600, with a stop loss near 112,500. The target is around 115,000-115,500-116,000. If it breaks, look for 117,000-117,500. Continue to adjust stop losses based on the situation!
8.19 Ethereum Short Strategy: Aggressive traders can enter short positions on rebounds between 4,370-4,400; conservative traders can enter between 4,430-4,460, with a stop loss near 4,500 and a target around 4,300-4,250-4,220. If it breaks down, look for 4,200-4,160. Continue to adjust stop losses based on the situation!
Long Strategy: Aggressive traders can add a long position on dips between 4,160-4,200 and add more between 4,080-4,120, with a stop loss near 4,050. The target is around 4,250-4,300. If it breaks, look for 4,350-4,390. Continue to adjust stop losses based on the situation!
The weakening of bullish momentum may be influenced by cooling rate cut expectations, and in reality, the US stock market has not seen much of a pullback either. Everyone should be cautious about selling off!
The long position made a small profit and exited; there is a high probability of interest rate cuts in September, so be cautious about further declines! Evening thoughts on August 18th
In this farewell speech before Powell's term ends in May next year, he faced a dilemma—current economic data is pulling in both directions, putting his "data-dependent" strategy in a difficult position. His colleagues have differing opinions on whether "high inflation" or "high unemployment" poses a greater risk. Nevertheless, both investors and the Trump administration strongly anticipate that the Federal Reserve will cut interest rates at the September meeting. However, there is significant controversy about how many basis points will be cut, so everyone should be cautious about further declines!
Today's suggested pullback for long positions was not very good; after entering long today, it almost stopped falling, and in the evening, I finally made a floating profit, then set the stop loss at 4340, which was triggered. I also exited with a small loss on the long position. Currently, from a technical perspective, the price has broken below the four-hour Bollinger lower band, and the price has formed two longer candlesticks in a row. The fast line of KDJ is clearly slowing down and shows signs of turning upward, and the MACD's volume is also slowing down. Therefore, I do not recommend continuing to short at low levels!
The U.S. stock market opened basically flat today; although it is currently slightly declining, it is not too weak, so Conan believes that evening operations should focus on pullback long positions! The resistance levels above to watch are 117200, 118000, 18500, and 119200; the support levels below to watch are 114600, 114200, 113300, and 112600.
Evening thoughts for August 18th for aggressive traders: pullback at 42 thoughts: aggressive traders should go long one hand at 114300-114800, add to the position in the 113500-113700 range, defend around 112500, target around 115500-116000-116500, if broken, look for 117000-117200, continue to move the stop loss and take profit as conditions allow!
Evening thoughts for August 18th for Ethereum: aggressive traders should go long one hand at 4250-4280, add to the position at 4200-4230, defend around 4170, target around 4330-4370, if broken, look for 4500-4520, continue to look for 4550-4580-4600, and continue to move the stop loss and take profit as conditions allow!
Recently, the market has been quite volatile; strict stop-loss measures must be adhered to, and positions should not be held without limits. Managing risk is essential to preserve capital. Only with capital can a comeback be made! #加密市场回调
Various signs indicate that the probability of reaching a peace agreement between Russia and Ukraine is quite high, as Putin and Trump have reached a tacit understanding on the redistribution of spheres of influence; everything else is just a formality. Furthermore, there is a continuous increase in corporate cryptocurrency reserves and sustained positive inflows into ETFs while waiting for interest rate hikes to take effect. The current decline is more about clearing high-leverage long positions.
I mentioned this morning that technically there will be a process of a second probe; the market is moving as expected. We are currently waiting for a pin to stop the decline, which is an opportunity to go long!
Weekend long positions eat meat, interest rate cuts in September are bound to continue! 8.18 Bitcoin Aunt's strategy
According to CME's "FedWatch", the probability of the Federal Reserve maintaining interest rates in September is 15.4%, and the probability of a 25 basis point rate cut is 84.6%. The probability of the Federal Reserve maintaining interest rates in October is 6%, the cumulative probability of a 25 basis point rate cut is 42.4%, and the cumulative probability of a 50 basis point rate cut is 51.5%. In simple terms, a rate cut in September is inevitable, mainly looking at how many basis points will be cut. The strategies provided over the weekend perfectly align with market trends, allowing for gains of over a thousand points, with Bitcoin nearing two thousand points, and the short position for Ethereum being very close, with only a few points difference in execution, resulting in another hundred points in this wave. Friends who followed along should consider taking profits!
From a technical perspective, the daily Bitcoin chart shows another candlestick with a long upper shadow, while Ethereum shows a candlestick with a long upper wick. Looking at the closing line, the probability of another dip today is quite high, but based on market fund movements, the bullish outlook remains unchanged, so intra-day operations suggest focusing on buying at low levels! Key resistance levels to watch above are 118500, 119200, 120000, 122000, 124500, and 126000; support levels below are 116500, 114600, and 113300. For Ethereum, watch resistance levels around 4490, 4670, 4740, 4800, and 4870, and support levels around 4360, 4250, and 4160.
8.18 Bitcoin trading strategy: Aggressive traders should continue to buy on dips between 116800-117200, while conservative traders should enter between 116000-116300, with a stop loss below 115500, targeting around 117800-118500-119200, and if broken, look towards 120000-121000, continue to move the stop loss up based on the situation!
8.18 Ethereum trading strategy: Aggressive traders should continue to buy on dips between 4400-4430, while conservative traders should enter between 4330-4450, with a stop loss below 4300, targeting around 4460-4490, and if broken, look towards 4530-4550, continue to move the stop loss up based on the situation!
Short position strategy: For Bitcoin, short one contract on rebounds between 120000-120500, with a stop loss near 121000, targeting around 119500-119000, and if broken, look towards 118000-117500, continue to move the stop loss up based on the situation!
For Ethereum, short around 4620 on rebounds, with a stop loss near 4650, targeting around 4500-4450, and if broken, move the stop loss up based on the situation!
The spot ETF market continues to see inflows, although there was a small outflow on Friday, overall, inflows are still more than outflows, so mainly follow the trend and buy. #美联储取消创新活动监管计划
The bullish strategy given for the weekend remains unchanged. The big coin can be precisely executed, and currently, the big coin has already exceeded a thousand points, while Ethereum can capture nearly two hundred points. Friends who are following can take profits! For those who want to expand their positions, adjust your stop loss to protect profits! Those who haven't entered the market can continue to ambush at the given levels! #美联储取消创新活动监管计划 #美国7月PPI年率高于预期
Economic data is mixed, and expectations for the Federal Reserve rate cut continue to fluctuate! 8.17 Bitcoin strategy
In the past week, U.S. economic data has been mixed, leading to ongoing fluctuations in the market's expectations for the Federal Reserve's rate cut. On Friday, U.S. retail sales saw widespread growth. However, a later report showed that consumer confidence unexpectedly declined, while inflation expectations rose. Previously, the U.S. July CPI and PPI reports seemed to send different signals about whether the economy could withstand the impact of Trump's comprehensive import tariffs, but both indicated that service inflation remained stubborn. Meanwhile, there are significant internal differences within the Federal Reserve regarding a rate cut in September. Although the probability of a rate cut in September is relatively high, there is clearly a disagreement on how much to cut. Yesterday's bullish strategy suggested that Bitcoin could gain around six to seven hundred points, while Ethereum could gain around forty points. Overall, cryptocurrency prices have not fluctuated much.
From a technical perspective, the daily Bitcoin chart shows a small bullish candlestick with a long upper shadow, while Ethereum shows a doji candlestick, with both showing little fluctuation, indicating a tug-of-war between bulls and bears at this position. The larger cycle shows a clear corrective trend, but the overall bullish trend has not reversed, so for intraday trading, Conan suggests focusing on shorting at lower levels! Key resistance levels to watch are 117800, 119200, 120000, 122000, 124500, and 126000; key support levels to watch are 116500, 114600, and 113300. For Ethereum, key resistance levels are 4490, 4670, 4740, 4800, and 4870; key support levels are 4360, 4250, and 4160.
8.17 Bitcoin trading strategy: Aggressive traders can enter long positions on a pullback to 116500-116800, while conservative traders can enter at 115700-116000, with a stop loss around 115000, targeting 117800-118500-119200, and if broken, looking at 120000-121000, continuing to adjust stop losses based on the situation!
8.17 Ethereum trading strategy: Aggressive traders can enter long positions on a pullback to 4370-4400, while conservative traders can enter at 4300-4330, with a stop loss around 4250, targeting around 4460-4490, and if broken, looking at 4530-4550.
Short position strategy: For Bitcoin, short one lot on a rebound to 120000-120500, with a stop loss around 121000, targeting around 119500-119000, and if broken, looking at 118000-117500, continuing to adjust stop losses based on the situation!
For Ethereum, short on a rebound to 4580-4620, with a stop loss around 4650, targeting around 4500-4450-4400, and adjust stop losses based on the situation!
The weekly trading volume of the Ethereum ETF is about $17 billion. Conan believes that as long as there is no continued selling pressure, the outlook remains bullish, so everyone should be cautious when shorting!
The "Putin-Trump Summit" is disappointing, with US stocks and cryptocurrency prices both declining, cautiously shorting! 8.16 Bitcoin trading idea
The highly anticipated Alaska "Putin-Trump Summit" has concluded. After approximately 2.5 hours, the two appeared before the media. Despite the unprecedented duration of the talks, neither side disclosed details of the discussions or areas of consensus, which undoubtedly heightened concerns in European countries and Kyiv about a potential agreement that bypasses their opinions. As a result, both US stocks and cryptocurrency prices fell at midnight. The long position suggested yesterday could easily yield over a hundred points on Ethereum and over a thousand points on Bitcoin during the day. Continuing to go long at midnight, but only made a small profit when exiting in the early hours. Recently, due to attending graduation parties, I have not been able to provide timely response strategies; your understanding is appreciated!
From a technical perspective, both daily Bitcoin and Ethereum charts show two consecutive bearish candles, with today's opening showing long upper shadows, indicating an overall bearish trend. Additionally, US stocks have not been very strong in the past two days, so the strategy this weekend will mainly focus on shorting around high positions, with some low longs as a supplement! Key resistance levels to watch are 119200, 120000, 122000, 124500, and 126000 above; support levels to watch are 116500, 114600, and 113300 below. For Ethereum, key levels above are 4500, 4670, 4740, 4800, and around 4870; support levels below are 4360, 4250, and 4160.
8.16 Bitcoin trading strategy: Aggressive traders can enter long positions on a pullback to 116500-116800; conservative traders can enter at 115700-116000, with a stop loss around 115000, targeting around 117500-118000-118500-119200. If broken, look for around 120000-121000, and continue to adjust the stop loss based on the situation!
8.16 Ethereum trading strategy: Aggressive traders can enter long positions on a pullback to 4370-4400; conservative traders can enter at 4300-4330, with a stop loss around 4250, targeting around 4450-4500. If broken, look for around 4530-4550, and continue to adjust the stop loss based on the situation!
Short position strategy: For Bitcoin, short one contract on a rebound to 120000-120500, with a stop loss around 121000, targeting around 119500-119000. If broken, look for around 118000-117500, and continue to adjust the stop loss based on the situation!
For Ethereum, short on a rebound to 4550-4580, with a stop loss around 4630, targeting around 4500-4450-4400, and if broken, look for around 4370-4350.
Yesterday, Fidelity's Ethereum spot ETF FETH had a net outflow of $272.2 million. Compared to the $40 billion inflow into ETFs this week, this is just a drop in the bucket. As long as there is no continued sell-off, the outlook remains bullish; everyone should cautiously short. !
Short positions make big profits, the probability of a 50 basis point rate cut is low, be cautious about chasing highs and cutting losses! 8.15 Bitcoin trading strategy
A report released on Thursday showed that the wholesale price increase in July far exceeded expectations, which may indicate that inflation remains a threat to the U.S. economy. At the same time, unemployment data released showed that the number of initial jobless claims in the U.S. unexpectedly decreased last week. However, it has remained near the highest levels since 2021, indicating that many unemployed Americans are finding it difficult to find work. As a result, the price of cryptocurrencies dropped significantly yesterday, with over $1 billion liquidated! The short selling strategy provided yesterday resulted in significant profits. In the evening, buying after the dip also captured a considerable space!
From a technical perspective, the daily Bitcoin chart shows large bearish candles, while U.S. stocks basically closed flat, showing no signs of weakness. However, the rebound in cryptocurrency prices is relatively weak, with yesterday's decline being halted at the 20-day moving average. The KDJ indicator has turned downwards from a high position, forming a death cross. Currently, the price level is heavily contested between bulls and bears, so everyone should avoid holding positions. Pay attention to the gains and losses of the 20-day moving average during intraday trading; if it breaks, then it’s time to short. It seems that without further selling pressure, the price of cryptocurrencies may see a bullish rebound! Upper resistance levels to watch are 120,000, 122,000, 124,500, and 126,000, while lower support levels to watch are 117,000, 116,300, 114,600, and 113,300. For Ethereum, upper resistance levels are 4665, 4740, 4800, and 4870, while lower support levels are 4500, 4450, 4360, and 4250.
8.15 Bitcoin trading strategy: Aggressive traders should enter long positions on a pullback to 116700-117000, conservative traders should enter at 116000-116300, with a stop-loss around 115500, targeting 118000-119000-120000, and if it breaks, look for 121000-122000. Continue to adjust stop-losses based on market conditions!
8.15 Ethereum trading strategy: Aggressive traders should enter long positions on a pullback to 4470-4500, conservative traders should enter at 4430-4450, with a stop-loss around 4400, targeting 4550-4600-4650, and if it breaks, adjust stop-losses based on market conditions!
Short selling strategy: For Bitcoin, short one hand at 124000-124500 during the rebound, with a stop-loss around 125000, targeting 123000-122000, and if it breaks, look for 121000-120500-120000.
For Ethereum, short selling should be done at the rebound of 4750-4790, with a stop-loss around 4830, targeting 4700-4650-4600, and if it breaks, look for 4570-4550.
The market makers often inadvertently reverse and harvest during a wave. Currently, the bullish trend has not been broken. If there is no further sell-off, Ethereum may reach new highs! #以太坊创历史新高倒计时
Still not able to form a pattern, I originally wanted to wait for a new high in Ethereum, but it seems that won't happen today. However, I'm content today, and will fight again tomorrow! #美国7月PPI年率高于预期 #BTC再创新高 #以太坊创历史新高倒计时
Compared to Bitcoin, Ethereum is indeed much stronger, and the pullback is far less than that of Bitcoin. The shorting idea given in the morning indicates that Bitcoin can achieve a range of 2500-3000 points, while Ethereum, although strong, can still be easily managed within 40-50 points. Currently, the technical indicators still look bullish, so those who are following can take profits! For those looking to strategize, consider moving stop losses to lock in profits! Currently, there are no significant bearish news, so the evening strategy remains unchanged with a focus on pulling back to go long, paying attention to the resistance near today's high!
Evening Strategy on 8.14:
For Bitcoin, enter long at the pullback of 120,000-120,500, with a stop loss near 119,000, targeting around 121,000-122,000. If broken, look for levels around 123,000-124,000-124,500, and continue to adjust stop losses to lock in profits as needed!
For Ethereum, enter long at the pullback of 4,700-4,720; for cautious traders, enter at 4,620-4,650, with a stop loss near 4,570. Target around 4,560-4,780-4,800, and if broken, look for levels around 4,850-4,880, continuing to adjust stop losses to lock in profits as needed!
Shorting Strategy:
For Bitcoin, attempt to short again at 124,000-124,500, with a stop loss near 125,500, targeting 1,000-2,000 points. Adjust stop losses to lock in profits as needed!
For Ethereum, short at 4,800-4,820, with a stop loss near 4,850, targeting around 4,750-4,720. Adjust stop losses to lock in profits as needed!#BTC再创新高 #ETH突破4600
The Russia-Ukraine situation is expected to ease, but beware of the market manipulators harvesting from the opposite direction! 8.14 Bitcoin Aunt's Strategy
U.S. President Trump said on Wednesday that if his meeting with Russian President Putin goes well, he hopes to quickly hold a second meeting with Putin and Ukrainian President Zelensky. "If the first one goes smoothly, we will hold the second one soon," Trump said, "I hope to hold it immediately, and if they are willing to have me there, we will hold the second meeting between President Putin, President Zelensky, and myself very soon." Trump did not provide a specific timeline for the second meeting. Trump also stated that if Putin does not agree to stop the war, Russia will face consequences. He did not elaborate on the consequences, but he had previously warned that if no breakthrough is achieved, severe economic sanctions would be implemented. The strategy given yesterday for a pullback to go long completely aligns with the price trend, and although U.S. stocks opened high and then fell, the cryptocurrency price did not retract significantly, mainly due to increased recent capital inflow. Ethereum is approaching its historical high, and Bitcoin has again reached a historical high!
From a technical perspective, the daily Bitcoin chart shows another large bullish candle, Ethereum closed in the green and again above the upper Bollinger band, the Bollinger bands have opened significantly, and the moving average indicators are in a bullish arrangement. Although the technical outlook is bullish, there has been no significant pullback after consecutive new highs, so everyone should be cautious about chasing prices! The resistance levels above to watch are 124000, 125000, and 126000, while the support levels below to watch are 120000, 119000, 118000, 117300, and 116300. For Ethereum, the strong resistance above is around 4780 and 4870, and the support below is around 4600, 4560, 4500, and 4440.
8.14 Bitcoin Trading Strategy: Aggressive traders can enter long positions during the pullback at 120000-120500, while conservative traders can enter at 119000-119500, with a stop loss near 118000, targeting around 121000-122000-123000, and if it breaks, look for 123500-124000. Continue to adjust the stop loss as the situation develops!
8.14 Ethereum Trading Strategy: Aggressive traders can enter long positions during the pullback at 4560-4590, with a stop loss near 4500, targeting around 4650-4700-4750, and adjust the stop loss based on the situation!
Short Position Strategy: Aggressive traders can short Bitcoin on a rebound at 124000-124500, with a stop loss near 125000, targeting around 123000-122000, and if it breaks, look for 121000-120500-120000.
For Ethereum, short on a rebound at 4760-4800, with a stop loss near 4830, targeting around 4700-4680-4650, and if it breaks, look for 4630-4600.
Altcoins are also starting to stir, so everyone should be cautious and not heavily invest when chasing prices to avoid pullbacks!
Huangmao Reform Employment Statistics, CPI Causes US Stocks and Cryptocurrency Prices to Rise Together! 8.13 Bitcoin Aunt's Thoughts
According to informed sources, in recent days, White House staff and Labor Department officials have held a series of closed-door meetings to discuss proposals for improving data collection efficiency using new technologies. The market believes that if there are changes in the statistical methods of the non-farm employment report released on the first Friday of each month, it may raise suspicions that Trump is manipulating data for political purposes. This president, who often questions data that does not align with his worldview, has recently continued to strengthen control over traditionally independent operating institutions and purge career bureaucrats deemed disloyal.
From a technical perspective, the daily chart shows a divergence with a closing bullish candle. Although the LDJ three-line indicator is in the overbought zone and has turned, it has not dropped, and Ethereum also closed with a bullish candle and broke through the upper channel again. The Bollinger Bands are widely opened, and the auxiliary indicators also lean towards bullishness, so the intraday strategy remains to buy on dips! Key resistance levels to watch are 120800, 121700, 122300, and 1233300, while support levels to watch are 118000, 117300, 116300, and 115500. For Ethereum, strong resistance is noted around 4780 and 4870.
8.13 Bitcoin Trading Strategy: Aggressive traders may continue to short on a rebound to 120000-120500, while conservative traders can enter on a rebound at 121000-121500, with a stop loss around 122500, targeting 119000-118000-117300.
8.13 Ethereum Trading Strategy: Aggressive traders may short at the current price of 4620-4650, with a stop loss around 4680, targeting 4570-4550-4500. If it breaks below, target 4450-4400, and continue to adjust the stop-loss based on the situation!
Long Position Strategy: For Bitcoin, buy on the first dip at 117300-117800, with a stop loss around 116500, targeting 118500-119000-119500-120000. Adjust the stop-loss based on the situation if it breaks below!
For Ethereum, buy on the intraday dip at 4370-4400, with a stop loss around 4350, targeting 4450-4480-4500. Adjust the stop-loss based on the situation if it breaks below!
The US July CPI report shows mixed results; the overall year-on-year CPI growth rate is lower than expected, with prices growing at the fastest annual rate in five months, and companies are passing on tariff-related costs to consumers. Analysts generally believe that this increase may not be enough to prevent the Federal Reserve from cutting interest rates at the next meeting in September. Trump again argues that tariffs have not caused inflation, and consumers have not even paid these tariffs. If not, then why has he been pressuring the Federal Reserve to cut rates? This is a thought-provoking question!