This morning, BTC came to the target area mentioned yesterday, with a minimum of 112,500, and ether also came to the Fibonacci retracement range from 3,350 to the previous high of 4,794, which is near 0.5, that is, the position of 4,060. I copied a wave in the morning but it was all out, after all, although the position has arrived, the mood and structure seem to be still far from the last, and it seems that it is better to be careful in operation before Friday's Jackson Hole meeting. Speaking of Friday's meeting, the market has basically warmed up for a week or two, sometimes doves and sometimes hawks, but in fact it is difficult to guess what Powell will say. But what we do know is that Powell will deliver a keynote speech at 10:00 a.m. Eastern Time on August 23 (22:00 Beijing time on Friday). The market is nothing more than worried that Powell's speech will deviate from recent market expectations, which will affect confidence in interest rate cuts. But in fact, the effect of this meeting and speech is similar to last week's CPI data on August 12th, as long as it is not too excessive, it can only dispel the market's own doubts about itself, then it can be called good news. In other words, Powell can accept it as long as he doesn't want the hawk's excessive market. Then if BTC can give a 108-110 before Friday, ether can give a 38XX-39XX position will be a very good buying opportunity, this position is a strong support, and it has also squeezed out the water that has risen since August, so it can be said that the profit and loss ratio is very suitable. Therefore, in the past two days, we need to closely observe whether the market can give a sudden panic and fall opportunity to get on the car at a low price.