CITIC Securities: Market awaits Powell's speech to guide expectations of interest rate cuts According to a research report by CITIC Securities, there were signs of interest rate cuts in the US stock market after the release of the CPI in July, but the unexpected PPI data in July dampened market expectations. If Federal Reserve Chairman Powell sends a dovish signal at the global central bank annual meeting and hints at a rate cut in September, the relevant trading mainline may be redefined, and interest rate sensitive sectors may experience another upward trend.

Galaxy: The surge in leverage in the cryptocurrency market raises concerns about vulnerability According to a Galaxy Research report, the Q2 mortgage loan scale in the cryptocurrency market increased by 27% to $53.1 billion, reaching a new high since early 2022, driven by the rebound in DeFi lending demand and risk appetite. The fall in Bitcoin prices has triggered over $1 billion in liquidation, marking the largest long liquidation since August. Analysts say this is more like healthy profit taking, but highlights the market fragility brought about by the rapid accumulation of leverage. The report also points out that the widening interest rate gap between on chain and off chain US dollar markets, tightening DeFi liquidity, and increasing system pressure points may exacerbate market volatility.

1. The probability of the Federal Reserve cutting interest rates in September is as high as 84.6% 2. Trump claims significant progress in US Russia relations 3. Trader gains $29.6 million from long ETH in 4 months 4. The US Treasury Department plans to embed digital authentication in DeFi 5. Japan will approve the first stablecoin denominated in Japanese yen, JPYC 6. Whale sells 30000 ETH in 24 hours, market panic intensifies 7. Unlock tokens worth $150 million next week, including FTN and ZRO 8. Tom Lee claims that Bitcoin reserves will help the United States lead in digital transformation The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/479533

The current price of $4494 is above the EMA24/52 moving average, indicating a strong overall trend. However, the latest 1-hour cycle K-line has formed a top split pattern, superimposed with a waist belt pattern, indicating an increase in short-term upward pressure. The distribution of chips shows that the $4529-4552 range is a strong resistance area with dense cumulative trading volume, and a breakthrough requires continuous volume support. Although RSI has broken through the 50 median line and is moving upwards, KDJ remains stagnant at a high level, indicating that the upward momentum may be depleted. If it effectively breaks through $4552, the next target will point to $4621; On the contrary, if it falls under pressure, the lower support will reach $4414. Member indicators accurately capture resistance levels, helping you seize breakthrough opportunities! The data is sourced from the PRO member's [ETH/USDT Binance USDT Perpetual 1-hour] K-line, for reference only, and does not constitute any investment advice.

The probability of the Federal Reserve cutting interest rates in September is 84.6% According to CME's "Federal Reserve Watch" data, as of August 18th, the probability of the Federal Reserve cutting interest rates by 25 basis points in September is 84.6%, and the probability of keeping interest rates unchanged is 15.4%. In addition, the probability of keeping interest rates unchanged in October is 6%, and the probabilities of cumulative interest rate cuts of 25 basis points and 50 basis points are 42.4% and 51.5%, respectively.