8.18

On August 20 (Wednesday) at 23:00, Federal Reserve Governor Waller delivered a speech at the blockchain seminar in Wyoming.
On August 21 (Thursday) at 2:00, the Federal Reserve will release the minutes of the monetary policy meeting;
On August 21 (Thursday) at 3:00, 2027 FOMC voting member and Atlanta Fed President Bostic will speak on the economic outlook;
On August 22 (Friday) at 22:00, Federal Reserve Chairman Powell delivered a speech at the Jackson Hole Global Central Bank Annual Meeting.

BTC
This week is particularly critical for Bitcoin, as it has formed a gravestone doji in the weekly closing. According to the gravestone doji, we are looking at a potential pullback in the future, so we need to pay close attention next. Firstly, the small oscillation range is between 115900 and 120000, while the larger oscillation range is between 112500 and 120300. This week, we will see if it can effectively stabilize at 120000; only if it stabilizes at 120000 can the bullish trend continue. Currently, Bitcoin is gradually weakening, and the daily level has started to show a convergence of multiple indicators forming a death cross. Therefore, the overall approach remains the same: in the short term, it cannot break below 116600; if it does, it will likely hover around 112500. If it breaks through 112500, the time cycle for recovery will be extended.

ETH
Although Ethereum is relatively strong, there is also a risk of adjustment in the short term. At the current position, the daily chart showed a slight upward adjustment yesterday, but the momentum is limited. Currently, Ethereum is undergoing a corrective move, being suppressed by the trend line on the hourly chart. However, the overall trend is positive because there are several meetings in the second half of this week regarding whether there will be interest rate cuts in September. Therefore, if Ethereum does not stabilize at the 4573 position this week, we should be cautious of a downward spike. However, the spike will quickly recover upward, which also presents an opportunity for us. Support levels are 4385-4320-4180, and resistance levels are 4535-4573-46400 #以太坊ETF突破300亿美元# .