8.23 Accurate market analysis:

Good morning, everyone. Yesterday I said that

BTC will be sideways around 60,000 for a period of time, which is good for cottages.

Otherwise, BTC will rise to 70,000, and cottages will fall again.

BTC sideways at 60,000 can make some strong cottages take off first.

Just hold it, holding it is better than anything else.

US interest rate cuts are inevitable, and a big bull market is quietly brewing.

Do you remember the analysis two weeks ago? At that time, we said that looking at the present in a few months, it is the bottom.

The non-agricultural data was revised the day before yesterday, and it was revised down by 800,000,

which shows that the US economic situation is not good.

The PMI data released yesterday was expected to be 49.6, and the initial value was 48, which continued to be good for interest rate cuts.

BlackRock said that the Fed should cut interest rates by 50 basis points in September.

Two Fed officials said that they believed it was appropriate for the Fed to start cutting interest rates soon, and the subsequent rate cuts should be gradual.

The former Fed "hawk king" said that the interest rate may be cut by 75 basis points this year.

The conflict between Iran and Israel has come to an end.

For the cryptocurrency community, the current problem is the selling pressure in Mentougou.

BTC will continue to trade sideways for a while until September.

The copycat season may come early.