#BTCÐ Launchpool收益超3%# 2019.31 Morning Market Overview: Powell's hawkish statement indicates that there may not be a rate cut in September.

BTC formed a doji this morning, with both highs and lows decreasing for three consecutive days; will the end of the news cycle bring a market rebound?
This morning, Powell's speech did not indicate that the job market is stable and that a rate cut in September is not necessary; as soon as this was said, Bitcoin dropped to 11.57 and then began to rebound; yesterday, the short position at 11.83 made a profit of about 1300 points, and the long position was stopped out by the drop.
4H Bitcoin price and volume divergence, MACD bottom divergence, and there is also a bullish deep sea crab pattern appearing. If the deep sea crab completely forms and the D point falls to around the previous high of 12.33, it would also indicate that there is a second rebound trend for Bitcoin; the pattern may not necessarily appear but can serve as a reference for market trading trend.
The big pie is under the pressure of the downward trend line. Today, we will trade around the trend line during the day; wait for a right-side breakthrough and stabilization at 11.85 to go long, targeting 11.97, with a stop at 11.76; 11.81 is the 618 position of this trend. Wait for a right-side breakthrough of the trend line before falling back to form a false breakout to go short, with a stop at 11.9, targeting 11.72 and 11.67.
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