Reasons for the market correction❗❗❗

1 This year, the profit efficiency for retail investors is too poor. It is normal to run away after making a profit for several days of continuous rise

2 The benefits brought by the interest rate cut have been almost digested

3 The tens of thousands of BTC selling pressure from the Mentougou incident is an important reason for suppressing the rise of the big cake. It will almost certainly fall to 65,000

4 Friday's data is also very important. This is why I choose to take profits recently. Large investors will wait and see for fear of inflation rebound

⚠️Before the September interest rate meeting, 3 important data will be released:

PCE, CPI, non-agricultural Pay special attention to it⚠️

⚠️⚠️Things to note this week⚠️⚠️

The first is still the selling pressure brought by Mentougou, which will definitely make the market continue to fluctuate. Mentougou still has nearly 40,000 BTC, which will continue to be released in September. Be prepared for at least two weeks of fluctuations

Second, pay attention to the PCE data on Friday. If it is lower than expected, it is positive, and higher than expected, it is bearish. BTC is likely to fall

Third Focus on Nvidia's financial report on Wednesday. If it falls, the Ai sector will definitely fall. Remember to short flexibly according to the situation.

At present, Israel and Iran cannot fight, and the hope of peace talks is relatively large.

Russia and Ukraine are under pressure from all aspects. It is estimated that there will not be too much trouble.

⚠️ Bitcoin is now in a volatile market that cannot fly, so there is no need to worry too much about a big drop. The interest rate will be cut soon, and the long-term outlook is still bullish. If it falls below 60,000, it will be pulled back quickly.

At this time, the market is up and down, don't chase the rise and kill the fall. As retail investors, I still keep my previous points, don't miss the opportunity, stock up on valuable spot at a low price, control the position well, don't carry the contract, run to increase your principal when there is profit, and don't be full of positions. Hold the coins in your hands and wait patiently. #美联储何时降息？