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Recently, the crypto assets market has shown a complex trend. Bitcoin (BTC) rapidly rebounded after a brief fall, indicating that the long positions sentiment is still ongoing, but investors should be cautious about chasing the price. Ethereum (ETH), on the other hand, has reached a four-year high driven by spot buying, and the market reaction may seem a bit excessive. It is expected that the market over the weekend will mainly focus on liquidity accumulation and indicator repair, and investors can follow potential pullback get on board opportunities.
In terms of platform coins, OKB maintains a strong position. Although it is currently at a high level, its fundamentals provide support, making it still valuable for allocation in the medium to long term. However, its top position has not yet been clearly defined.
At the macro level, Federal Reserve Chairman Powell made dovish remarks at a recent meeting, mentioning risks in the labor market and possible interest rate cuts, which somewhat alleviated market concerns over tightening policies and provided support for risk assets.
Changes in the political landscape may also impact the market. Trump has called for Federal Reserve Board member Cook to resign, which could increase political uncertainty and affect market trends. Additionally, the token WLFI, associated with the Trump family, is expected to launch airdrop and trading on the Ethereum chain on September 1, potentially becoming a new hotspot in the market.
Overall, the current market is still in a stage of consolidation. Investors should control their positions, remain patient, and avoid making blind moves driven by emotions. In this phase, rational analysis and cautious decision-making are particularly important.