1. The U.S. House Financial Services Committee plans to hold several hearings in September;
2. Fed's Bostic said that inflation has not yet reached the Fed's target;
3. Nvidia is in talks to invest $100 million in OpenAI's new round of financing;
4. Fed Chairman Barkin said that inflation has declined, and although it has not reached that level yet, progress is being made;
Technical aspects:
BTC: Yesterday's rebound was a technical correction rebound in the short trend, just hitting the middle track of the 4-hour Bollinger Band. It began to retreat in the early morning, and the decline was expanded in the morning. The daily line closed with a small positive line with a long upper shadow. The 7-day moving average of the daily line turned downward and extended. The K line was oscillating below the moving average. Waiting for the 7-day moving average to continue to move down, the technical gap is repaired, and a new round of decline will come! The intraday market continues to be dominated by high altitudes. The upper focus is on the pressure near 59750-60250. The lower support is 58000 points first, and then 57000. There may be a big one today!
ETH: Yesterday's morning review gave a bearish outlook at 2550 and 2580 in batches. Yesterday's highest point was 2595. The target points of 2540 and 2400 are estimated to be reached today! The rebound in the past two days is a technical adjustment. The K-line needs to repair the moving average gap caused by the sharp drop on the 27th. The daily line rose and fell yesterday to close with a long upper shadow line. The 7-day moving average turned downward and broke through the 14-day moving average to form a dead cross. The intraday market is obviously dominated by a rebound and continued bearish outlook. The upper focus is on the pressure of 2550-2580. The lower target remains unchanged, and the 2440-2400 position continues to be watched.
Shanzhai: Yesterday I talked about clearing the spot and even shorting appropriately. Yesterday’s rebound was an opportunity to flee. Many friends privately chatted with me, and I gave them points to flee! Today’s spot continues to be bearish. Please make risk control preparations and prepare for the big one!
SATS: The pressure around 32 given in yesterday’s early review was bearish. Yesterday, it rebounded to 3299 at its highest. The current decline is over 8%. In the short term, it remains bearish to 24-16.
FLOKI: Yesterday morning review clearly stated that the high-level shock pin is the dealer's shipment, and it can be bearish at 158-160. Yesterday, the highest was 15844, giving the target of 14-12. The target 14 has been achieved, and the target 12 is about to be achieved. The return is more than 12 times, and the decline is more than 24%. Continue to hold. Regarding floki's explanation, I specially recorded a video on Weibo yesterday afternoon to explain it in detail!
(The following figure is a detailed registration form of short-term orders made by Fei Ge and Yue Sniper Team in August, excluding private orders and band layout orders. There are currently 29 orders in total, 5 of which are losses, with a winning rate of over 82% and a winning rate of over 148%)
The cryptocurrency market is highly volatile, so be cautious when entering the market. This is my personal opinion, not a recommendation, just for sharing
