Good morning—it's the weekend again. How should we look at the market index?
Last night at 10:00, the Fed Chair delivered a more hawkish signal at the Jackson Hole conference. After the speech, market expectations for a September rate hike clearly heated up.
Bitcoin immediately broke below 77,000, with a low around 76,851. Ethereum dumped by 100 points, with a low near 2,403, and then pulled back. In the past 24 hours, long positions were liquidated to the tune of 76.90 million USD.
From the current price action, it’s not recommended to blindly step in to buy the dip here. With no US stock momentum over the weekend, liquidity will likely deteriorate.
BTC resistance above: 78,000–78,500. Support below: 77,000–76,850.
ETH resistance above: 2,450–2,470. Support below: 2,420–2,403.
For the short term, prioritize going short. If the price rebounds into the resistance zone and stalls, you can try shorting with a small position. See the specifics for later actions below 👇👇👇
$龙虾 $AKE $ETH #沃什称通胀是美联储首要关注
Last night at 10:00, the Fed Chair delivered a more hawkish signal at the Jackson Hole conference. After the speech, market expectations for a September rate hike clearly heated up.
Bitcoin immediately broke below 77,000, with a low around 76,851. Ethereum dumped by 100 points, with a low near 2,403, and then pulled back. In the past 24 hours, long positions were liquidated to the tune of 76.90 million USD.
From the current price action, it’s not recommended to blindly step in to buy the dip here. With no US stock momentum over the weekend, liquidity will likely deteriorate.
BTC resistance above: 78,000–78,500. Support below: 77,000–76,850.
ETH resistance above: 2,450–2,470. Support below: 2,420–2,403.
For the short term, prioritize going short. If the price rebounds into the resistance zone and stalls, you can try shorting with a small position. See the specifics for later actions below 👇👇👇
$龙虾 $AKE $ETH #沃什称通胀是美联储首要关注
