10x Research: Currently in a hit-and-run market environment, accurately predicting macroeconomic events is crucial

On August 26th, 10x Research stated in its latest analysis: "Last week, we predicted that BTC would break through the symmetrical triangle pattern and Rebound to $65,000. Our prediction has generated a 9% return, and the price is approaching this target. We are in a dynamic, hit-and-run market environment, where fast and strategic trading can produce significant profits. At this stage, accurate prediction of macroeconomic events is crucial for seizing opportunities as long as BTC continues to trade within a wide Sideways range." The minutes of the Federal Open Market Committee meeting, which was expected to be released last Wednesday, were expected to be mild, and Fed Chairman Powell may emphasize the weakness of the labor market. Both developments are expected to be interpreted as dovish, pushing BTC to soar. Our prediction was correct. We also emphasized that BTC has underperformed compared to the Nasdaq index, which has remained flat. Market attention is now turning to Nvidia's upcoming earnings and financial forecasts, with a potential fluctuation range of +/-8% priced in options, similar to the fluctuation observed after the last earnings release. From a technical perspective, last week's pump of BTC was a textbook example, supported by macroeconomic developments and cross-market analysis.