8.23 Market Highlights:

1. After BTC made a false breakdown at the bottom, it quickly recovered. Old Powell's statement is slightly dovish, and the market has been suppressed for a long time. However, I don't think a trend reversal will form here, so don't rush to FOMO (fear of missing out and blindly following);
2. ETH has reached a new high for the first time in four years, and this surge is entirely driven by spot buying power. Additionally, given that the market is experiencing some overreaction, it is reasonable for the price to reach the current level. It is expected that the main focus over the weekend will be on accumulating liquidity and repairing indicators.
3. OKB continues to perform strongly, and even though the current price is at a high level, as long as there is narrative support, it is worth buying. At present, it is far from reaching its peak.
4. Powell stated at yesterday's Jackson Hole meeting that the risks of the labor market performing worse than expected are rising, and the economic outlook is shifting towards supporting the restart of interest rate cuts;
5. Trump said: If Federal Reserve Board member Cook does not resign, he will fire Cook;
6. The Trump Family Token WLFI is expected to open for airdrop claiming and trading on Ethereum at 8 PM mainland time on September 1.
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