BTC/ETH

The US stock market opened high and went up, which brought some changes to the market. Bread and Ethereum had a short-term pull-up, but the strength was still not very strong. Washing, or washing, it takes a while to enter the large-scale market. The market is waiting for the expectation of interest rate cuts in September. When it is not smooth in one direction, it means that the direction is wrong!

ETH: Combined with the previous analysis of ETH2730-2540 washing, TH has been unable to pass the three tops above 2700 (pin insertion is not counted). The optimistic idea is that it is still washing, and the rational view is very fragile and may continue to fall at any time. ETH broke the previous upward trend when it fell below 2640, and the triangle pattern was broken, and the target was lowered to 2540. (As shown in Figure 1)

BTC: The downward trend has been formed, with support below 58,000, and it has not substantially stood at 60,000 (pin insertion is not counted). I still think it will fall. (As shown in Figure 2)

Patience is waiting for the final wash, waiting for the interest rate cut in September (maybe it will be). . . .