The reasons for last night’s pullback can be summarized as the following four points:

1. The compensation problem in Mentougou continues to exist, and compensation has been determined to be paid in October this year. Mentougou's early investors earned significant returns, and it is expected that most may choose to cash out and exit the market.

2. The international situation has undergone major changes. Yesterday, Russia and North Korea formed an alliance. When one side conflicts, the other side provides support. The incident further adds to uncertainty as tensions between NATO and Russia rise.

3. Last night, Federal Reserve officials gave a bearish speech, pointing out that wage growth was too high and expected that it would take at least two years for inflation to fall to the target level.

4. Bitcoin ETF has experienced net outflows for 7 consecutive days, mainly caused by the selling of Grayscale and Fidelity.

The PMI data released at 9:45 tonight is particularly critical. If it is lower than the expected 53.7, it may have a positive impact on the market; while if it is higher than expected, it may bring negative pressure. #币安合约锦标赛 #MegadropLista #币安HODLer空投