Both the US stock market and BTC are in the retracement phase before the upward attack.

The depth of the retracement is almost there. It is very difficult for BTC to return to the 5-digit mark at this stage.

I do not think that the US economy has declined significantly. The unemployment rate is 4.3%, which is higher than the expected 4.1%, exceeding the position line of the Fed's interest rate cut of 4.2%.

However, the monthly sales retail rate of the United States in June disclosed in mid-July was 0%, better than the expected -0.3%;

In addition, the annualized quarterly rate of US GDP in the second quarter disclosed in late July was 2.8%, far exceeding the expected 2%; personal consumption expenditure in the second quarter was 2.3%, far exceeding the expected 2%.

These indicators that are more directly related to the economy have exceeded expectations. Can we say that the economy has suddenly weakened?

It can only be said that the market just wants to fall, and finds reasons to cooperate with it to fall, with the purpose of making room for the subsequent rise.