Good evening, everyone!

Once again, it coincides with the market trading. Phase one: the market experiences a major decline, with the market being oversold and most assets becoming very cheap. However, many retail investors lack confidence and dare not buy in. Phase two: a period of bottoming out and oscillation, with a relatively balanced power between long and short positions. Phase three: market sentiment turns bullish, leading to a rebound in the market, which becomes overbought and experiences a general rise. This is also the best time to reap the benefits of this round of positioning.

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As the trend of cooling inflation becomes increasingly significant, panic about an economic "hard landing" under high interest rates is intensifying. Several high-ranking officials, including Powell and New York Fed President Williams, have previously taken a dovish stance, and the market is increasing its bet on a 25 basis point rate cut in September.

BTC: Looking at the 4-hour chart, the price has retraced to near the lower Bollinger Band, indicating an oversold market and a demand for short-term rebound.

On the daily chart, the price has broken through the moving average support, indicating a weak market.

In summary, the support level is at 64000, and the resistance level is at 64400.

ETH: Looking at the 4-hour chart, the price has retraced to near the lower Bollinger Band, indicating a weak short-term market, with support at 3160 and resistance at 3190.

LTC: The price continues to stay near the lower Bollinger Band, with a weak demand for short-term rebound. The support level is at 67, and the resistance level is at 70.

BCH: The price continues to stay near the lower Bollinger Band, with a weak demand for short-term rebound. The support level is at 340, and the resistance level is at 360.

That's all for now, good night!

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