Many people think that the decline last night has reached the bottom, but it has not. There will be another big decline in the next trend. You will see the big pie starting with 4 again at the end of the month.
First analyze from the data:
1. The unemployment data last night did not meet expectations, lower than expected, negative, US stocks rose sharply, and funds in the currency circle naturally flowed into the US dollar market. (Negative)
2. After the CPI data was released, it was lower than expected, negative, indicating that inflation is still high, reducing the probability of a 50 basis point interest rate cut in September. The US recession is still in crisis, so market funds began to flee! (Negative)
3. Stablecoins added 220 million, and a large number of stablecoins were minted, indicating that the main force was buying and smashing the market, and the market liquidity was insufficient. (Negative)
4. The US government's Bitcoin address transferred 10,000 bitcoins (worth about US$590 million), and at the same time, Mentougou started a repayment plan. (Negative)