As the Jackson Hole annual meeting approaches, the market is highly focused on the speech of Fed Chair Powell. Although Trump's recent remarks attempted to boost the market, overall sentiment remains pessimistic.

Analysts expect that Powell may not clearly state the interest rate cut policy for September, but will emphasize that decisions will be based on economic data. However, he may hint at an open attitude towards rate cuts. Although the price of Bitcoin has experienced a pullback, the market turnover rate has actually decreased, indicating that investors are on the sidelines. The market dynamics dominated by interest rate cut expectations make it difficult to judge the subsequent trends, and investors should be prepared for sharp price fluctuations.

There are opinions that the Fed may take a relatively tough stance. The continuous decline of the US stock market for a week may indicate that some capital is withdrawing in advance. However, the overall market support remains relatively solid. If the price of Bitcoin falls below the $110,000 mark, it is likely to attract a large amount of bottom-fishing capital to enter the market.

In the cryptocurrency market, BNB recently reached a new high, indicating that some tokens still exhibit strong performance. Meanwhile, the allocation of crypto assets by Asian family offices has also attracted follow, reflecting an increasing interest from institutional investors in this emerging asset class.

In addition, macroeconomic data such as the number of initial jobless claims in the United States will also affect market trends. Investors need to closely follow these factors to better grasp market movements and investment opportunities. In this uncertain market environment, it is crucial to maintain vigilance and a flexible investment strategy.