Last night at 10 p.m., Federal Reserve Chairman Powell delivered a speech at Jackson Hole, stating:

The time for policy adjustment has come!

The strongest signal for a Fed rate cut has been sent, and a rate cut in September is already a certainty. After Powell's speech, the three major U.S. stock indexes closed with gains of over 1%, and BTC even broke through the resistance at 62740, surging to a high near 64955, approaching the 65000 mark, with the current price at 64000.

In an article on Tuesday, August 20th, titled Analysis of 820: Narrow Range Volatility, Where Will BTC Go Next?, it was clearly pointed out that after the narrow range volatility, a direction would emerge in the latter half of the week, and the probability of breaking through 62745 upwards to complete a 4-hour upward trend was high.

The current market situation for BTC has already seen a strong upward breakthrough. Various altcoins, which were repeatedly reminded during the live broadcast to go for a daily level upward trend, have all surged. What should we do next and how can we operate to secure a winning position?

The above analysis is for reference only and does not constitute any investment advice!

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