Yesterday afternoon, the price of $BTC Bitcoin fluctuated and rose around $62,400, reaching around $62,600. At this time, you can consider shorting because there is resistance above $63,000. After that, the price slowly fell to $62,200 and consolidated at this level. In the evening, as the U.S. stock market opened, the price of $BTC Bitcoin fell further to oscillate in the range of $61,600 to $62,000. At a critical moment, someone seized the small fluctuations in the market and gave a short-selling suggestion around $61,950, with a target of $60,600.
The uncertainty of the U.S. election may cause Bitcoin to continue to fluctuate within a certain range.
Tonight, CPI and employment data will be released, and we can expect whether the market will have unexpected performance.
The operation suggestion for Bitcoin is: go long in the range of $60,400 to $60,600. If the price drops to $59,800, you can increase your position to go long, set the stop loss at $59,500, and target $62,000.
The operation suggestion for Ethereum is: go long in the range of $2,370 to $2,380. If the price drops to $2,340, you can increase your position to go long, set the stop loss at $2,320, and target $2,450.

Recently, a female graduate student was sentenced to one year in prison for improper withdrawals in the field of cryptocurrency, which has aroused widespread concern and deep reflection in society. In response to this incident, I would like to put forward the following profound insights and warnings in the hope of inspiring and helping the public.
First, we must reiterate the authority and inviolability of the law. Regardless of the level of personal education, we should deeply understand the principle of equality before the law and should not have any fluke mentality. The cryptocurrency market, although full of opportunities, is also accompanied by legal risks and gray areas. Only by deeply understanding and strictly abiding by relevant laws and regulations can we ensure that we will not go astray and avoid unnecessary legal consequences.
Secondly, regarding the risks of withdrawal operations, all individuals involved in the cryptocurrency market should maintain a high degree of vigilance and sober awareness. Regardless of the amount involved, any illegal flow of funds may touch the red line of the law, resulting in the freezing of personal assets and even facing legal sanctions. Therefore, it is the responsibility and obligation of every participant to ensure the legality and security of the withdrawal process. We should actively learn and follow professional operating guidelines and strategies, and treat every withdrawal behavior with a scientific and rigorous attitude.
Furthermore, I would like to emphasize the principle of "keeping a low profile". In the field of cryptocurrency, which is full of temptations and variables, excessive publicity and show-off often become the source of trouble. For our own safety and stability, we should maintain a humble and cautious attitude and avoid revealing too much personal information and asset status to the outside world. Especially when dealing with third parties with potential conflicts of interest, we should maintain a high degree of vigilance.
Finally, we are willing to share these valuable experiences and lessons with everyone unconditionally. If we have common goals and pursuits, let us work together to create a healthier, orderly and secure cryptocurrency market environment.

When looking back at past bull runs, a remarkable phenomenon can be observed: when the price of Bitcoin (BTC) climbed, many altcoins (that is, other cryptocurrencies other than Bitcoin) rose even more alarmingly; even when BTC was at During the sideways consolidation phase, the altcoin market still maintained a vigorous upward trend. During this period, many currencies emerged with an increase of more than 100 times. This was not limited to individual cases, but was a collective prosperity.
Specifically, from Solana (SOL) and Polygon (MATIC) to Composite (COMP) and AAVE, to Sandbox (SAND) and Decentraland’s token MANA, etc., these altcoins have grown rapidly in a very short period of time. For example, in just two weeks, the price increased tenfold.
However, turning our attention to the current market, although some currencies such as TIA have experienced short-term sharp rises, most of the newly launched altcoins have lacked momentum and are unable to sustain their upward momentum. As for the MEME currency field, since BOME, although new coins such as NEIRO have continued to emerge, overall, the performance of these new coins has been relatively weak and failed to reproduce the eye-catching glory of the past. The mentioned currencies such as COMP, MATIC, and $SAND, as representatives of the market boom in the past, are now facing different market environments and challenges.

A series of events of Sun Ge's escape index are reviewed as follows:
2017: Sun Ge announced that he would launch an ICO (which later became TRON), but just one month later, China issued the "94 Announcement", which led to the withdrawal of all ICO projects.
2018: Sun Ge launched the IEO project (btt), however, the IEO sector experienced a sharp drop in the following month.
Buffett lunch incident: Sun Ge successfully bid for the opportunity to have lunch with Buffett and planned to introduce the cryptocurrency circle to Buffett, but within a month after this move, the cryptocurrency market suffered a sharp drop.
2020 DeFi boom: When DeFi was popular, Sun Ge launched a project similar to Uniswap in TRON, but on the day the project went online, it unexpectedly caused the prices of projects such as Uni, Sushi, and YFI to fall.
2021 TRX major news preview: Sun Ge preheated on Twitter that there would be major news about TRX, however, the next day, the overall decline in the altcoin market reached 10%-20%.
Horse racing pre-sale and blockchain game market: In November 2021, after Sun Ge’s horse racing project pre-sale ended, the next day, blockchain game projects such as Farm World collapsed, and the entire blockchain game market was also hit hard.
Fluctuation of stablecoin market: On May 5, 2022, Sun Ge launched the stablecoin USDD, but only four days later, another stablecoin UST decoupled.
Exchange-related events: On June 9, 2022, Sun Ge announced that he would open his own exchange. However, less than two weeks later, the Huobi exchange had problems with users being unable to withdraw cash.
Taking over Huobi and FTX explosion: On October 9, 2022, Sun Ge officially announced that he would take over Huobi, but the next month, the world’s second largest exchange FTX exploded and declared bankruptcy.
A1 and AI market: On February 8, 2023, Sun Ge announced his entry into the A1 field. However, this move did not seem to bring good luck, and the AI ​​market subsequently fell.
LSD track entry: On February 10, Sun Ge quickly entered the LSD track, but unfortunately, the LSD track also suffered a collapse afterwards.
Meme coin market: On May 11, 2023, Sun Ge announced that he would participate in the Meme coin market, however, this decision did not save the Meme coin sector from decline, and the sector subsequently fell into a downturn.

The world is expected to enter a cycle of interest rate cuts. As an important financial institution, Goldman Sachs predicted the monetary policy trends of the Federal Reserve in its latest report. Goldman Sachs made it clear that they expect the Federal Reserve to cut interest rates by 25 basis points three times in a row starting in September. This forecast is based on an in-depth analysis of the current economic situation and future data trends.
At the same time, Goldman Sachs also elaborated on the focus of the upcoming Jackson Hole Global Central Bank Annual Meeting, especially the speech of Federal Reserve Chairman Powell. Powell is scheduled to give a keynote speech at 10 a.m. Eastern Time on August 23 (that is, 22:00 on Friday night Beijing time). The speech will be presented in a live broadcast format, but there will be no question-and-answer session afterwards. Goldman Sachs believes that Powell's speech may send a signal of confidence and data dependence to the market in interest rate cuts. Its content is consistent with the information heard by the market recently, that is, the Federal Reserve is approaching the stage of interest rate cuts, but the specific degree of easing will closely depend on the subsequent economic data performance.
In addition, Goldman Sachs economists also pointed out that the market's expectations of a 50 basis point rate cut at the next Fed meeting after the release of July employment data appeared to be too optimistic and advanced, and they insisted that three consecutive rate cuts of 25 basis points each were more reasonable.
On the other hand, Wall Street analysts are optimistic about the prospects of the cryptocurrency market, and they believe that the fourth quarter of 2024 will be the period when the crypto market will usher in the best macro environment. This forecast echoes the expectation of a global rate cut cycle, suggesting that the cryptocurrency market may gain new momentum in a more relaxed monetary policy environment.

Coin circle, you have indeed changed, becoming so strange that I can hardly recognize you. Looking back at the past bull market, every rise of Bitcoin was accompanied by the frenzy of altcoins. They seemed to have taken the express train and headed to the peak of value together. Even when Bitcoin fell into a period of sideways consolidation, altcoins could lead the trend, dance freely, and show remarkable vitality.
The hundred-fold coins at that time were not isolated cases, but emerged in groups. From SOL, MATIC to COMP, AAVE, these names still shine in the sky of cryptocurrency today, and their stories inspire countless dreamers. And currencies such as SAND and MANA have also inadvertently made rapid progress for two consecutive weeks, easily achieving a ten-fold increase, which is jaw-dropping.
However, today, this round of market conditions seems a little different. Although altcoins represented by TIA have shown their prowess for the first time and achieved an astonishing increase of several times, many new coins that followed have failed to continue this momentum and seem to be weak. As for the Meme coin field, after BOME, although NEIRO and other coins have tried to take over, they have only stirred up a few small waves, with a limited impact, and only led to slight fluctuations in dozens of related coins. All of this makes people sigh: The cryptocurrency world, you have really changed.

Recently, a news story about a female graduate student who was sentenced to one year in prison for withdrawing funds in the field of cryptocurrency (currency circle) has sparked heated public discussion. Regarding this incident, I have the following observations and reflections:
First, we must make it clear that everyone is equal before the law, and regardless of personal education level, it should not be an excuse to evade legal responsibility. When participating in any economic activities, especially in emerging and complex fields such as cryptocurrency, it is crucial to understand and abide by relevant laws and regulations. Any contempt for the law and fluke mentality may lead to serious consequences.
Second, regarding the risks of cryptocurrency withdrawal, this is not only something that the female graduate student needs to be vigilant about, but also an issue that all cryptocurrency participants should deeply understand. If the withdrawal operation involves illegal funds, it may not only lead to the freezing of personal assets, but also violate the law and be subject to legal sanctions. Therefore, safe and compliant cryptocurrency transactions and withdrawals are topics that every participant should pay attention to and learn.
Furthermore, keeping a low profile is particularly important in the field of cryptocurrency. Due to the complexity and high risk of this field, being too ostentatious and showing off personal assets is likely to attract unnecessary trouble and attention. Therefore, being modest and cautious, and not easily revealing your assets, is an effective way to protect yourself from potential threats.
Finally, market dynamics, such as new coin mining, WBTC, TON and other cryptocurrency-related topics, as well as macroeconomic issues such as when the Federal Reserve will cut interest rates, although not directly related to this incident, are still important information that investors and market participants need to pay attention to. Changes in this information may have a profound impact on the cryptocurrency market, so it is very necessary to maintain a keen insight into the market and rational analysis.
In summary, this incident once again reminds us that when participating in high-risk economic activities such as cryptocurrency, we must strictly abide by laws and regulations, remain cautious and low-key, and pay close attention to market dynamics and policy changes.

The travel record before my father passed away made me cry instantly

Virtual currency has ruined my life. I hope you can learn from it. I bought a house and a car at the age of 28. I didn't have a deposit of less than 2,000 yuan. My parents were basically broke all year round. They also expected me to take out a few thousand yuan for the New Year. It was like this every year. What's hateful is that I was too ambitious and used it to play virtual currency. In the end, I lost all my money and started to be broke. When my parents asked me for money, I went to online loans. At that time, I was a white household. Many platforms had some quotas. There was almost 50,000 yuan on Ant. I had no money to use, so I withdrew all of it and stopped working. In less than 3 years, I spent more than 10 yuan in savings and owed about 10 yuan. At that time, my family didn't know until the platform leaked the address book and my mother knew it. Later, a large family gradually knew about it, uncles, aunts, and so on. Then my father asked me how much I owed. I said 50,000 yuan, and he said he would help me pay it back. I said you don't have to pay it back, I can pay it back myself. In fact, he didn't even have 2,000 yuan in savings. Those cousins ​​and uncles just laughed at me. I hated them so much that my dad wanted to borrow money from them to pay me back. At that time, the interest and penalty interest on various platforms were almost more than 2,000 yuan per month. After more than 3 years of hardship, I finally paid it back.

After 3 years of cryptocurrency trading, I threatened the platform to block my account...

My name is Abin, I am 22 years old this year. When I was a child, my father was addicted to gambling and our family life was difficult. I hated gambling since I was a child, but I fell into virtual currency in college. In 2020, I started to contact virtual currency in Internet cafes and gradually became addicted. From small investments to large investments, I won and lost alternately, and my life became a mess. In 2022, a colleague showed his profit from virtual currency investment. I was tempted and downloaded the relevant App and started to recharge in small amounts. At first, I had a small surplus, but soon fell into a bigger loss. I was nervous after each all-in. I wanted to make more if I won, and I was unwilling to lose. I always lost myself in the cycle.

By 2024, I had a debt of more than 400,000 and my family broke up. In order to save my family, I decided to quit virtual currency investment completely. I contacted the relevant platform and asked to freeze the account permanently and never touch any form of investment again. I hope that through hard work, I can get rid of debt and live a normal life again in four years.

It was not until this time that I realized that I was born in the countryside, worked in a public hospital after graduating from university, and was always considered an excellent person. A few months ago, young colleagues in the unit played virtual currency. I saw them win money and treat guests, so I joined. I won a few thousand yuan at first, but then suffered consecutive losses, and even lost several months of savings. In order to make up for the loss, I borrowed from Wangdai and Jiebei, but lost more. After my inner collapse, I decided to confess to my family and lied that I lost money in the investment. My family asked me to be down-to-earth, work hard, and pay off part of the debt. But I was unwilling to give up, and I played again, but I got deeper and deeper and borrowed more money. Speculating in coins makes people fall into the abyss step by step, and eventually they are worse off than dead. It not only destroys oneself, but also implicates the family.

I started a used car business in 2020, but a year later I became addicted to virtual currency trading. I lost 150,000 yuan in one night, and more than 300,000 yuan in total. I lost all my partners' money and credit cards, and still owed more than 100,000 yuan. I confessed to my girlfriend and she comforted me, but later I got addicted to contracts and owed more than 600,000 yuan. She didn't give up on me and believed that I could quit, but I played again and again.
In June, she said she didn’t want to have a long-distance relationship anymore, so I went back to my hometown to be with her. We were sweet and happy. But I started playing again and ended up in debt of 800,000 yuan. My family helped me pay off part of the debt. My mother often cried in the middle of the night. In early August, I returned to Guangdong and started a micro-business, but I took 50,000 yuan to gamble again and lost it all in an hour. Now I am in debt of more than 700,000 yuan and pay 20,000 yuan a month.
Tomorrow I will go to work at a real estate company, with a monthly income of 20,000 yuan. I hope that gamblers like me will not touch virtual currency again and will not lose hope, because there are still family and responsibilities. One day, we will get through the difficulties. Come on! $BTC $ETH $BNB

Starting from 2024, please don't touch virtual currencies anymore, no matter what happens. Brother, just go home. This is the Nth time I've asked my family for money for transportation to go home. My family doesn't trust me anymore and refuses to transfer money, instead, they directly bought me a train ticket. I'll go home first and figure things out later. I'm feeling lost now. I haven't recharged my phone, and just now, the thought of asking the bookie to reimburse my phone bill flashed through my mind several times, but I held back. Whenever something goes wrong, I want to buy low, go long, or open short positions. I'm 26 this year, and I've been doing this for 6-7 years. It's really enough. I'm fed up! My family won't give me money, so they directly bought me the train ticket. I'm broke, but I'll still go home. I could've stayed and worked daily gigs, but I decided to face it. Being broke is being broke. I'm only 26, I still have chances. I need to confront my demons first. It's really difficult. Whenever I think of difficulties, I want to buy low, go long, or open short positions, but I held back. It's hard to resist the urge. Every time something goes wrong, I want to play with virtual currencies. Quitting gambling is a matter of every minute and second. Like now, when my part-time salary arrives, instead of recharging my phone, I really want to put it into gambling, but I stopped. With my previous temper, I would've thrown even 10 yuan into it. Forget it. A new beginning in 2024.

I was not popular since I was a child. I started investing in stocks during college and made a lot of money in the telemarketing industry after graduation. I resigned and returned to my hometown in 2021. After that, I got used to the income in big cities and felt at a loss. Once a friend recommended me to buy lottery tickets, I came into contact with virtual currency transactions and fell into the abyss. I made some money at the beginning, but soon lost all the 40,000 yuan I saved in Guangzhou.
In 2022, I returned to Guangzhou to do telemarketing again, but the income was not as good as before. I started to borrow credit cards and online loans to play virtual currency, and my debts increased. Many attempts to make a comeback ended in failure. In the end, the debt was as high as more than 300,000 yuan, and I had to confess to my family. My parents helped me pay off part of the debt, but there was still more than 200,000 credit card debts that were not paid off.
After getting married, I resumed speculation, hoping to make more money to provide security for my family, but I got deeper and deeper. At the end of 2023, I completely lost all my credit card and online agency quotas and was heavily in debt. On Valentine's Day in 2024, I gambled again and lost the last 2,000 yuan on my credit card, so I had to borrow money to make up for it.