BitEagle Precision #行情分析 # 9.1

Good morning, brothers. It’s the first day of September. I didn’t expect it to start with a big drop.

BTC actually fell below 26,000.

After the release of PCE last night, we also did a wave of analysis to talk about the negatives.

The reason for the big drop is that PCE exceeded expectations.

Personal consumption expenditures grew by 0.6% month-on-month, which was the highest growth rate in half a year.

It shows that the labor market is tight and consumer spending is strong, which is not conducive to the decline in inflation. The US stock market fell, and the cryptocurrency market also fell.

After the non-agricultural data is released at 8:30 tonight, there will be a big movement. It is bearish if it is higher than expected, and it is not too good if it is lower than expected, because expectations have been lowered.

On-chain data tends to be bearish

(1) Binance added 4,500 BTC yesterday

(2) Stablecoins are flowing out of exchanges

The day before yesterday, it was said that the blockchain revolution was coming

All media and big Vs said it was a good thing.

In fact, Grayscale's victory over the SEC is a big negative.

Yesterday, I asked everyone to exchange #Dydx . It is rising instead of falling. It has avoided a big drop. Hold on and sit tight. We are long-term investors in this coin.

It is not suitable to buy the bottom at present. Wait until the non-agricultural data is released tonight before making further judgments. #ETH #ETH #美联储