Technical side:
After the weekly close yesterday, I reminded everyone that there will be a retracement. At present, it is indeed in line with our expectations. In the short term, we focus on the retracement to 61700 below. If it does not fall below, we still have to look at the shock upward. Pay attention to the Aurora range of 61700 to 65000 during the day. Be patient and wait for a small-level retracement, and make a small-to-large switch.
The Ethereum human body is weaker than the big cake. At present, the daily level is resisted by the strong moving average. If the daily level has another move at this position, it will be a better opportunity for us. However, the small level faces frequent small supports. First of all, the support of the long-short dividing line that we focus on during the day is 2674, the lower support is 2530, and the upper resistance is 2720.
The expectation of interest rate cut has been released in part.
News:
NatWest Markets: The Fed is about to cut interest rates, and the US dollar will be weak.
The probability of the Fed cutting interest rates by 25 basis points in September is 63.5%, and the probability of cutting interest rates by 50 basis points is 36.5%.
Nvidia earnings report released on Wednesday
Unemployment benefits announced at 20:30 on Thursday
PCE data released at 20:30 on Friday
