8.16 Macro market analysis Good evening, brothers. The market has been experiencing a correction in recent days, and I have received many private messages from my friends asking if it will drop to 70000 yuan. When some ETH reached 4800, the brothers who were originally preparing to work hard were unable to persuade them at the time, but now they are starting to doubt and fear. This week's PPI exceeded expectations, leading to a decline in interest rate cut expectations. In addition, Trump has started to engage in tariffs again, requiring 300% tariffs on chips. The US stock market fell from historical highs on Friday, with chip stocks falling across the board due to the impact of Trump's latest tariff threat, and the stock market continuing to transmit to the cryptocurrency circle. BTC at high levels is prone to a pullback. But from the on chain data, BTC and ETH are still flowing out of the exchange. The proportion of giant whales is relatively high. I didn't see any signs that the dog farm was going to smash the plate and run away in advance. At 2:00 am next Thursday, the Federal Reserve will release the minutes of its monetary policy meeting. Following the unexpectedly weak employment report and encouraging CPI data in July, Powell may pave the way for a rate cut in September. Let's take a look at the establishment price of the institution: BTC is between $100000 and $110000 ETH is around $3500 BNB is around $760 At present, there is not much profit, so it is safe. In the long run, this round of correction is a bull market relay, so we don't have to worry. Analysis is only a friendly reference. Adults should take responsibility for their own decisions. Investment carries risks, so please invest with spare money and think and judge independently!