BTC has been fluctuating back and forth recently, and a market trend appeared last night, with a straight drop of more than 4,000 points! ETH team sold out contracts, and the cottage fell from March to August. Most of them were at the bottom of the issue price or the annual low. You can refer to the recent market outlook. Why did it fall? There are two reasons. The first is to digest the expectations of the previous interest rate cut speculation. The second is the flight of Ethereum funds, which led to the collapse of the currency circle. Whales and teams began to sell. The third is a normal technical correction. After all, it has risen by 16,000 points from the low point of 49,000. The dog dealer must be for the purpose of making money, and it is impossible to keep rising. Most of the whales' layout positions are below 55,000. When it reaches above 60,000, it is actually a high position. It is normal to start cashing out and making band fluctuations above 65,000. The worst case will only last until the release of the interest rate cut in mid-September 17, when the financial market begins to improve. Then the short-term shock will wear down the selling pressure and selling pressure of Mentougou. The complete end of the Mentougou incident is also a big positive for the currency circle, which is equivalent to solving a sword hanging over the head of the currency circle for more than ten years. Important news this week is the PCE situation. If it is negative, we should pay attention to the range of 56000-54000. Nvidia's third-quarter financial report will be released at 4 am tonight, which will also have an impact on the currency circle. If you have time, you can pay attention to it.

In the short term, the high-altitude is the main focus. The pressure level is 61000-61500. This is the middle track pressure, and it is more likely to continue to wash down. The short-term support is 57500-57000. When you get here, you can start to arrange spot in batches. The medium-term support is around 55500. Before the bulls show a strong stabilization signal, you need to be cautious in bottom-fishing.