The current market situation is very similar to that of August-September 2024, with the rhythm and pattern of the macro environment evolving in the same way. Crypto world investors are eagerly anticipating interest rate cuts, while A-shares have begun to rise. Alts see a slight pump but return to their original point, even experiencing larger falls, causing many retail investors to helplessly Cut Loss in the crypto world and shift their investments to A-shares.
Everyone is aware of the subsequent situation; the A-shares peaked in October last year, while the crypto world experienced a strong r

This Friday (August 25), the Jackson Hole Global Central Bank Annual Meeting is attracting attention. Fed Chairman Powell and senior officials from the European, British, and Japanese central banks will speak.
The current focus is on whether the Fed will raise interest rates further to curb inflation, and whether the expectation of "higher for longer" rates will strengthen. If Powell signals a hawkish stance, the dollar may strengthen, and U.S. stocks and gold may face pressure; conversely, if he suggests that the interest rate hike cycle is nearing its end, risk assets may see a rebound.

8.19 BTC Ether Evening Analysis
Recently, BTC has been in a consolidation phase after a strong rise. From the hourly chart, it can be clearly seen that its core structure is showing a staircase-like ascent. Despite multiple attempts to break through previous highs, it has consistently been blocked by key resistance levels and has not succeeded in breaking through. However, during the pullbacks, the support levels are gradually rising, indicating that the buying strength below is starting to strengthen.

Tonight's market provided a more definitive signal, briefly dipping to the lower Bollinger