The core PCE data for July is about to be released, which is crucial for Powell. Previously, Powell spoke at the annual economic symposium held in Jackson Hole, Wyoming, suggesting that despite the upward risks of inflation, the Fed may still consider cutting interest rates in the coming months. This statement was widely interpreted by the market as a "dovish" signal. Therefore, the release of the July core PCE data is undoubtedly the first major test of Powell's "dovish" stance. If the data exceeds expectations, indicating that inflation pressures remain high, the hopes for rate cuts after September may be dampened; if the data meets or falls below expectations, suggesting a alleviation of inflation pressures, it may provide strong support for Powell's subsequent rate cut plans, further solidifying market expectations for a rate cut in September.

==================================
💎

💎
==================================

Looking at the evening market, the price of the currency has dropped to the lower Bollinger Band in the 4-hour chart. This strong decline has broken through the support level without showing an effective rebound. From a technical perspective, this decline is likely to continue. Bitcoin is highly likely to drop to around 118,000, while Ethereum needs to pay attention to the defense situation at the lower level of around 4,200. The current market is in a stage filled with contradictions and uncertainties, presenting a complex pattern of "local positive signals + overall trend unchanged." At this stage, the market is more likely to maintain a fluctuation pattern. On one hand, local positive signals are insufficient to change the overall weak trend; on the other hand, the bearish forces still hold a certain advantage, and the market lacks clear upward breakout momentum. To confirm that the market trend has truly turned strong, two key factors need to be awaited: first, a significant increase in trading volume, which indicates active participation of market funds; only with a large influx of funds into the market can there be sufficient momentum for stock price increases; second, an improvement in the moving average structure, when the bullish moving averages gradually dominate and form a good upward trend, can the market's upward space truly open. Based on the above analysis, in my personal opinion, the opportunities for bears may be greater. With the overall trend unchanged and many constraining factors, the risk of downward adjustment in the market remains high. Bears can take advantage of the market's fluctuation pattern to position short orders at the high points of rebounds, capturing potential downward market movements for profit.

#Gate重磅上线GUSD# #ETH走势分析# #Solana财库公司崛起#