The fall of BTC, ETH and other crypto assets today is due to the panic in the mainstream financial market over the revision of the U.S. non-farm payrolls for July. After the panic, when calm is restored, it leads to the favourable information regarding the Fed starting to cut rates in September. Bitcoin and Ethereum spot buying on dips!

ETH continued to fall last night, but it is still within the consolidation channel. Both BTC and ETH touched the lower edge of the consolidation channel, and BTC achieved a false breakdown of the previous low. Looking bullish this weekend, continue to hold.

In terms of Technical Analysis, besides the Wyckoff Accumulation, ETH also has an inverse head and shoulders pattern.

ETH is currently experiencing a textbook-level healthy rise trend, with a healthy relationship between volume and price, representing a typical long positions upward pattern. Some people look at RSI and small-scale MACD, thinking that divergence means it should fall. No one understands these indicators better than I do; I can only say that if you're looking at indicators, you're still in elementary school. Knowing when to use which indicator is the most important thing. Of course, the market needs to go through sideways movement or slight pullbacks to repair these indicators, which is very hea

The higher trade volumes of SBET yesterday were because many believed it had reached the previous low resistance level/gap that needed a pullback, leading them to sell and take profits. However, today, it directly surged strongly in pre-market and accelerated with lower volumes.

With the pump of ETH, SBET is also accelerating.

In the strong pump of Bitcoin, do not expect too deep of a pullback, 0.382 is enough. Go long on Bitcoin, go long on Bitcoin.

The next Candlestick for Bitcoin will look like this, yes, it's going to be ugly and chaotic. Every day will give short positions great hope, and every day feels like a top. Then, quietly, it will rise to 150,000 while shorting along the way. I have way too much experience in this regard, going long at the bottom, getting out of positions midway, and then going short. Don't short before the bull run officially ends. Even if it really peaks, there will still be a year for you to short, enough for you to profit.

Because I am not in the compartment, if I were, the interval for stopping and smashing the glass would not exceed 10 minutes.

If a person thinks this is favourable information for stablecoins and that Shanghai is going to develop stablecoins, it indicates that he completely understands nothing about Chinese politics and does not grasp how power operates.