According to data released by the Labor Department on Thursday, the number of initial unemployment claims increased by 4,000 to 232,000 in the week ending August 17. The four-week moving average, which smooths out some fluctuations, fell to its lowest level in a month. At the same time, the downward adjustment of non-farm payrolls yesterday will trigger some market concerns about the US labor market, which is good news. However, the previous value last week has already fallen to the lowest level in July. $BTC
#杰克逊霍尔年会

Buffett has enough influence. The only thing ordinary people can learn is his philosophy. However, his philosophy is not suitable for China, because he does not speculate in stocks, he manages stocks, and holding shares helps companies grow. He once bought airline stocks at a loss, but it was just his mistake. There is enough room for mistakes. No one's strategy is successful every time. Don't have the same mentality as the aunties in China. You make money because the market is strong, it's not because you are so awesome. There is no best strategy, only people who perform steadily. Of course, if you want to make stable money, it is most suitable for you to wear a yellow coat. This is where smart people gather, and smart people also make profits and losses. Think more about what you have done, so that it will be easier to recognize yourself. $BTC #MtGox钱包动态 #新币挖矿DOGS

BTC has come to the eighth test of around 61,000
Review of important information
1. No matter what the trend is this month, above 62,000 is my goal. There is no need to worry about spot. Continue to follow the orders I gave
2. In the stage of oscillation range, the cottage industry began to rotate upward in the second half of August, which was in line with expectations [some cottage industries have risen by more than 30%]
3. SOL began to decline, and I am currently focusing on ETH
4. At present, most people have begun to change their views and look at a big correction. It should be noted here that the thinking of the masses is always wrong. Eating is a place where there are many people
BTC is currently in a bullish form in the 4-hour period. It touched around 61,500 in the morning and pulled back to around 59,500. It continued to stay above 60,000 during the day. The next target of 62,000 is $BTC
#杰克逊霍尔年会 #MtGox钱包动态

The short-term support of Bitcoin is 59,000-59,800 US dollars, and the short-term pressure is 61,500-62,500 US dollars. The three major US stock indexes rose across the board. The total number of non-farm payrolls in the United States was revised down by 818,000, a downward revision of 0.5%. It was lower than expected, and the market's expectations for the Fed's interest rate cut increased. It is rare that the stock market and the currency market rose simultaneously. From the trend, Bitcoin's bottom consolidation is becoming more and more solid, but there are two points that everyone should pay attention to. First, if it cannot effectively stand above 63,000 US dollars, Bitcoin is impossible to reverse. Second, the intraday pinning phenomenon is still very serious. Everyone must be careful. Short-term traders must seize the pinning opportunity. #MtGox钱包动态 $BTC

Aug 20
Ethereum ETFs continue to struggle compared to Bitcoin ETFs, with large outflows causing Ethereum to underperform relative to Bitcoin. While new Ethereum ETFs like BlackRock’s iShares Ethereum Trust have seen some positive inflows, established products like Grayscale’s Ethereum Trust (ETHE) have faced large outflows, exacerbated by aggressive selling from major market makers like Jump Trading. This has resulted in a 40% drop in Ethereum prices as of early August, with the ETH/BTC ratio falling to its lowest level in over 1,200 days.
In contrast, Bitcoin ETFs have shown resilience, with continued inflows and more stable price performance. Despite challenges such as oversupply, market sentiment towards Bitcoin remains strong. Bitcoin is still expected to follow its previous halving year trajectory, and we expect a very bullish fourth quarter. Based on historical data, either the Q3 lows have already occurred, or we have one last leg of decline to find a bottom for Bitcoin.
With the Ethereum ETF facing challenges in terms of performance and outflows, the coming months will be a key factor in determining whether it can recover and attract continued investor interest. Key factors such as the macroeconomic environment and potential Fed rate cuts will significantly affect future ETF fund flows and market dynamics, affecting the market performance of Ethereum and Bitcoin.
$BTC #杰克逊霍尔年会 #新币挖矿TON

Many people will think of their past experiences in the current market.
Watch the video to know that trading is a lesson. There is no bull or bear in trading. Tools are only auxiliary!
Be patient. Many people around me have made huge profits in this round, and some people have lost everything!
A few brothers who were almost free in the last round went out to learn a circle of technology and came back to practice. Their assets were cleared and returned to the starting point.
The luck factor and your current situation do not necessarily determine what will happen in the future?
Friends in the currency circle hold, and the big market will come. Stay away from Heyue and cherish life!
Heyue is not afraid of you playing, but afraid that you don’t play! Few people in Heyue can have a good end! ! ! #新币挖矿TON #美国CPI数据连续第4个月回落 $BTC

How many black swan events have you experienced?
1. The Mentougou incident in February 2014: BTC plummeted by 80%. BTC suffered a sharp drop of 80% in the Mentougou incident in February 2014.
2. The September 4 incident in 2017: the market value plummeted by 80%
On September 4, 2017, due to Chinese regulatory measures, the market value of the entire crypto market evaporated by 80%.
3. The March 12 incident in 2020: ETH fell to $80
On March 12, 2020, the global market plummeted, and the price of ETH plummeted to $80, with heavy losses.
4. The May 19 incident in 2021: 600,000 contracts were liquidated
On May 19, 2021, the market crash caused 600,000 contracts to be forced to close, with huge losses.
5. The Luna incident in 2022: a crisis in the DeFi field
In 2022, the collapse of Luna triggered a major crisis in the field of decentralized finance (DeFi).
6. FTX explosion in 2022: market trust was frustrated
In 2022, FTX's explosion caused the market's trust in cryptocurrencies to be seriously damaged.
7. What black swan events do you think will happen next? #美国CPI数据连续第4个月回落 $BTC

The short-term support of Bitcoin is 67,000-68,000 US dollars, and the short-term pressure is 59,800-60,800 US dollars. The three major US stock indexes rose across the board. Grayscale is still the largest seller of Bitcoin and Ethereum. Yesterday, GBTC had a net outflow of 72.9 million US dollars and ETHE had a net outflow of 27.7 million US dollars. As I said yesterday, Bitcoin has heavy selling pressure and needs a second bottoming out technically, so Bitcoin will be mainly volatile in the short term. From the K-line pattern, there are many upper and lower needles, indicating that the long and short sides are fighting fiercely. There is no mid- and long-term layout for the time being, and the short-term high selling and low buying are the main ones. Leng Feng is concerned about two points. One is the upper key point of 63,000 US dollars. If it cannot stand, there will be no trend of rising. The other is the lower key point of 53,000 US dollars. If it does not fall below, there will be no risk of a new low.

Cryptocurrency only has Bitcoin
Ether is still considered a copycat
Why do I say this? The last round of bull market seems to have pulled Ethereum from a 16-year-old teenager to a 35-year-old middle-aged mature man. The entrepreneurial story of the 35-year-old middle-aged man was told to 45 years old as the bull market ended. The last wave of L2 and spot ETFs directly squeezed the surplus value to almost 55 years old. Whether it can be safely retired at the age of 60 depends on Vitalik. If he works hard to develop the community, it should be extended to 65 years old. If you enter ETH, it is like rejuvenating and returning to 30 years old, and you can fight for another 30 years
Bitcoin is different at this level. As long as the attributes and beliefs are there, we are always here, forever 18 years old

Bitcoin's short-term support is 56,000-56,800 US dollars, and its short-term pressure is 58,500-59,500 US dollars. The three major US stock indexes rebounded across the board. Powell may decide whether to cut interest rates in September next Friday. The market believes that the probability of a 25 basis point cut in September is 74%. The interest rate cut is coming, so why is Bitcoin going in the opposite direction of the US stock market? I personally think there are two reasons. One is that the US government may sell Bitcoin, and the other is that Bitcoin should have a second retracement from the technical trend. Leng Feng has reminded everyone that Bitcoin will have a pullback near $63,000. Now $56,000 is not necessarily the low point of this retracement. I personally think that the low point will be in the range of $53,000-55,000. Therefore, the short-term is still mainly based on selling high and buying low, and the medium and long-term waits for the retracement to be in place before covering the position.

The short-term support of Bitcoin is 57,000-58,000 US dollars, and the short-term pressure is 61,500-62,500 US dollars. The three major US stock indexes rose and fell differently. The PPI will be announced at 8:30 this evening, and the CPI will be announced at 8:30 last night. These two days are more sensitive. If it meets expectations, the market will rebound. If it is lower than expectations, the market will fall back. However, Leng Feng believes that whether it rises or falls, it should not change the short-term volatility of Bitcoin. The view remains unchanged. 58,000 US dollars is a small support, and strong support should appear in the range of 53,000-56,000 US dollars. Personally, I still think that Bitcoin will consolidate in the range of 49,000-63,000 US dollars for 1-2 months. In terms of operation, it is necessary to cover the position when it falls back and reduce the position moderately at high levels, but it is necessary to maintain a certain amount of basic positions. $BTC

Bitcoin's short-term support is $57,200-58,200, and its short-term pressure is $60,500-61,500. The probability of the Federal Reserve cutting interest rates by 50 basis points in September is 48.5%. The amount of Bitcoin reserves on exchanges hit a five-year low, with $5.96 billion withdrawn within 30 days. It is said that more and more people treat Bitcoin as a valuable savings. Bitcoin's short-term trend is in line with Leng Feng's expectations, and there has been a daily level retracement. $58,000 is a small support, and strong support should appear in the $53,000-56,000 range. I still think that Bitcoin will consolidate in the $49,000-63,000 range for 1-2 months. In terms of operation, you should cover your positions when you retrace, and reduce your positions moderately at high levels, but you must maintain a certain amount of basic positions. #TON

In this market, the short-term outlook is bullish, and attention should be paid to 68k to 69k. Imagine that by then, the US stock market will rebound to a high level with the first interest rate cut, and begin to fall on favorable ground.
It took a month for BTC to fall back to 44k to 50k for accumulation and shock, and it happened to be accompanied by the altcoins returning to a low level to accumulate funds, which would be a good structure. If it breaks through 70k, it will directly reverse to bullish, which is not impossible, but a little hard to imagine, so we will see while we go.
Some key events we need to pay attention to next week:
1. Trump: Will have an interview with Elon Musk next Monday night;
2. The new CPI data will be released soon;
3. gm.ai: GM will be launched on August 14 (there is a possibility of delay);
4. Grayscale: The appointment of the new CEO will take effect on August 15;
5. The Arbitrum community launched a vote on "Unlocking token utility by enabling ARB staking", which will end on August 16;
6. FTX starts the next stage of the liquidation process. Customers need to choose the Bahamas or US process before 4:00 on August 17;

At present, the main force shows signs of distribution. The script will go up first and then down in the evening. It will stabilize at 59560, and there is a high probability that there will be a second peak around 62400-63400.
There will be a cost-effective transaction here. With the defense of the previous low of 59500, you can bet on the target near 62000, 2000 space, and the current price profit and loss ratio is also very good. Control the position and manage the risk to the minimum.
The downward entry position will be relatively wide, 62400-63500, which is suitable for small positions to do a mid-line, but it must be defended. Although the width is large, we can solve it through position management

Today's strategy
BTC
Market point: rebound 60500-6080
0 range light position short order
Stop loss: 61250
Take profit 59800-59000-58500$BTC

The short-term support of the big cake is 58,000-60,000 US dollars, and the short-term pressure is 63,000-64,000 US dollars. The three major US stock indexes rebounded across the board. The Federal Reserve will stop shrinking its balance sheet within the year, which is a signal of loosening the market. The interest rate cut only reduces the cost of using money and indirectly drives money to the market, while stopping the balance sheet reduction is directly loosening the market. It is normal for the stock market and the currency market to rebound sharply. In fact, although this wave of adjustments is still within my cognitive range of 48,000-51,000 US dollars, it is still a rush to go down and up, which I did not expect. But what I thought was that this would be the last wave of wash-out before the interest rate cut, so I always tell everyone not to cut their losses. Those who understand will understand. No matter how strong the rebound of the big cake is, the possibility of a V-reversal will not be too much. I personally think that there will be a second wave of exploration at 63,000-64,000 US dollars, so don't chase high. However, judging from the strength of the rebound, the main force will not let everyone get on board easily. The support below is $58,000, $56,500, and $53,000. It is unlikely to fall below $50,000. Remember to cover positions in batches when the price falls back.

Considering that the direction of many aspects is still unclear, it is impossible to conclude that the market has reversed. The rebound yesterday and today may still be temporary, and it will take time for the market to get out of trouble. The bull market still exists, and we must have firm faith

$BTC

Recommended altcoins
TON ecosystem: TON
Bitcoin ecosystem: STX, SATS
Base ecosystem: AERO
DePIN+public chain: AR
Sol ecosystem: PYTH (oracle + Sol ecosystem), JTO
$SOL

I wonder how many people saw the idea and followed it without hesitation in the afternoon? How many people stared at the air situation and gloated? I can only say that the haters were disappointed again. The double head was still as strong as ever. The double order we arranged in the afternoon was perfectly won after twists and turns, and the 1221 points/65 points were pocketed. The three orders of two doubles and one orange in the day once again verified our judgment on the air situation, and the total pocketed 4421 points of the big cake and 237 points of the concubine. This persimmon field has high returns, but also comes with high risks. You always want to wait a little longer, wait for something safer and more secure. This is not wrong, but opportunities will not wait for you.
From the four-hour level, the air situation has gradually stabilized after the strong recovery last night, and it has been fluctuating upward and creating new highs. The determination of the duo head to recover is evident. Combined with the hourly level, the afternoon retracement has exhausted the momentum of the kong head. The current air situation is rising in volume, and the duo head sentiment in the persimmon market is obvious. We can continue to follow the retracement low duo for the midnight orange.
Big cake: 56000~56400 duo, looking up to 57600.
Aunt: 2480~2500 duo, looking up to 2600

Good morning. Let's analyze the general trend of btc.eth today.
The current price of btc is 56300. 5.7w is short-term pressure. If it breaks, wait for 5.95-6w. The short-term support below is 5.45. 5.25 is relatively hard. It is still bullish. Just hold on.
The current price of eth is 2460. The short-term pressure is 2530. I also said yesterday that only after it breaks can we see 2630-2650. The support below is around 2400 and then 2180 is a big support. Now the rebound of the aunt is also weak. The bottom rebound is very strong but not lasting.