The leader of technology stocks, $NVDA, has fallen sharply; the leader of technology coins, $BTC, has entered a downward channel again.

In general, everyone in the financial circle is saying that September is the "crash month", and it does make sense. The market is always not good during this period, and the volatility is large:

- The PMI index is lower than expected, but the purchasing power in recent months is still in a downward channel. The market is volatile because some technology stocks have been setting new highs before, and $NVDA's quarterly earnings did not "surge" as expected. These two factors formed a resonance, causing the entire market to turn downward before the interest rate announcement. When you have a lot of goods on hand and the price is still high, others are unwilling to buy, and you can only be forced to sell.

- In addition, as mentioned in the previous article, funds are turning to defensive mode, rebalancing capital flows, and preparing for the next round of declines (which will most likely happen after the Fed announces the interest rate). Today we see funds withdrawing from the market again. Bitcoin ETF funds, especially @Fidelity, sold a lot of $BTC (this one alone sold $162 million, not counting other funds).

- Another piece of news is that Japan may decide to raise interest rates again, and the yen will be affected. I hope that this time there will be no more whales stranded and slaughtered like the previous Carry Trade incident.

Remember everyone!

Richard has been reminding everyone not to rush out now. The market is turning, and we retail investors should watch the actions and reactions of whales because they hold a lot of goods on hand. If the market falls and panic selling occurs, it is because they sold first or were forced to close their positions. What we have to do is wait for the opportunity to come.