Important events and data forecast for next week - Fed meeting minutes and Powell's speech will be released consecutively, and the "Tezcon" will be held on Monday.
1. Monday: ① Data: China's total electricity consumption data for July (to be determined); Eurozone's seasonally adjusted trade balance for June; US NAHB housing market index for August. ② Event: Ukrainian President Zelensky meets with US President Trump in Washington.
2. Tuesday: ① Data: Eurozone June seasonally adjusted current account; Canada July CPI month-on-month; US July new housing starts annualized, US July building permits

From the daily chart perspective, Bitcoin has fallen from a high of 124500 to 116800, and is currently operating above 118000.
Evening Bitcoin: Falling back to around 118000-117500.
Target near 119000-119900.
Evening Ethereum: Pull back to around 4540-4515.
Target near 4595-4640. #BTC# #ETH#

From the daily chart perspective, Bitcoin has fallen from a high of 124500 to 116800, currently running above 118000.
Evening Bitcoin: Falling back to around 118000-117500.
Target around 119000-119900.
Evening Ethereum: Retracing to around 4540-4515.
Target around 4595-4640. #BTC# #ETH#

Trump: No tariffs will be imposed on China's purchase of Russian oil for now.
On August 16, it was reported that the United States recently announced additional tariffs on Indian goods under the pretext of punishing India for purchasing Russian oil. The US also threatened to impose secondary tariffs on Chinese goods exported to the US due to the purchase of Russian oil. According to a Reuters report on the 16th, US President Trump stated after meeting with Russian President Putin on the 15th local time that there are no plans to impose tariffs on China for purchasing Russian oil at this time.

Ethereum is currently priced around $4,420, down 4.27% in the last 24 hours, with a market capitalization of $534.01 billion.
Evening Bitcoin: Rebounded to around 117800-118200.
Target around 116700-115800.
Evening Ethereum: Bouncing back to around 4435-4460.
Target around 4380-4345.
#BTC# #ETH#

After reviewing 35 years of A-share trends, what will happen after the Shanghai Composite Index reaches a ten-year high?
On August 15, it was reported that the A-shares have been strong recently, with the Shanghai Composite Index reaching a weekly high of 3704.77 points, nearing the high of 3731.69 points on February 18, 2021. This high point is also the highest since August 21, 2015, and can be considered an important peak in the past decade. According to research, the Shanghai Composite Index has only broken through the ten-year high twice in history, occurring in 2000 and 2006. Before both

On Friday (August 15), in the Asian market, Spot gold rose slightly, currently reported around $3339/ounce. The gold price on Thursday, August 14, ( experienced a big dump. The U.S. July PPI data was hotter than expected, coupled with a decline in initial jobless claims last week, which weakened the market's massive bets on a Fed rate cut. The rise of the dollar and U.S. bond yields also hit gold prices.
Spot gold closed sharply down $20.69 on Thursday, ending at $3335.33 per ounce. The dollar index rebounded 0.5% from a two-week low, diminishing the appeal of gold for buyers holding other cur

Powell's speech time at the Jackson Hole meeting is announced, and the market focuses on interest rate cut expectations and successor issues.
On August 15, according to the Federal Reserve's schedule, Federal Reserve Chairman Powell will give a speech on the economic outlook and the assessment of the Federal Reserve's policy framework at the annual central bank conference of the Kansas City Fed held in Jackson Hole, Wyoming, at 10 a.m. Eastern Time on August 22 (10 p.m. Beijing Time). This speech comes at a critical moment: the latest data shows that tariff measures have had some impact on inf

Fed Musalem: It is still too early to decide on the interest rate resolution for September.
On August 14, news reported that Fed's Musalem stated that it is still too early to decide whether to cut interest rates at next month's meeting. When asked if there is a reason to lower rates by 50 basis points next month, Musalem said that from his perspective, this would "not be supported by the current economic conditions and economic outlook." Musalem mentioned that on one hand, "data is starting to give us some indications of whether there is a possibility of persistent inflation." At the same tim

Beisent: Not urging the Fed to cut interest rates, just citing model results.
On August 14, U.S. Treasury Secretary Bessenet stated that he is not calling for the Fed to undertake a series of rate cuts, but merely pointed out that models show the "neutral" interest rate will be about 1.5 percentage points lower than it is now. Bessenet said, "I did not tell the Fed what to do." He was referring to comments made the previous day about the Fed "being able to start a series of rate cuts." Bessenet stated on Thursday, "What I said is that to achieve the neutral rate, we would need to cut rates by

Bitcoin hits a new all-time high as corporate demand expands, boosting the rise.
On August 14, the price of Bitcoin surpassed $123,600, setting a new historical record high since the previous peak on July 14, in conjunction with the rise in U.S. stocks. This signifies that investors are further expanding their allocation to risk assets globally.
Morning Bitcoin: Dropped to around 112900-112450.
Target around 123900-124900.
Morning Ethereum: fell back to around 4725-4700.
Target around 4780-4835.
#BTC# #ETH#