Recently, the cryptocurrency market has attracted attention, with investors closely monitoring the trends of Bitcoin (BTC) and Ethereum (ETH). The latest economic data and the Federal Reserve's dynamics have significantly impacted market sentiment.

Although the weak non-farm payroll data in July once raised expectations for interest rate cuts, the subsequent release of the Producer Price Index (PPI) exceeded expectations, combined with cautious remarks from Federal Reserve officials and hawkish meeting minutes, which to some extent suppressed this expectation.

The current market expects a 75% likelihood of the Federal Reserve cutting interest rates by 25 basis points in September, while the probability of maintaining the current rate is 25%. Investors are eagerly awaiting the upcoming speech by Federal Reserve Chairman Powell, hoping to gain valuable insights from it.

For Bitcoin, analysts suggest considering long positions in the range of 111800 to 112300. Target prices are set at 113600, 114800, and 115800, with a stop-loss level recommended near 111000.

Regarding Ethereum, it is recommended to look for long opportunities in the range of 4215 to 4245. The target prices are 4310, 4380, and 4450, with a stop-loss point set around 4160.

It is worth noting that the upcoming Jackson Hole meeting may have a significant impact on the cryptocurrency market. Investors should closely monitor the developments of the meeting and adjust their investment strategies in a timely manner.

Overall, the current cryptocurrency market shows a certain upward potential, but investors still need to operate cautiously and manage risks effectively.