Today's assignment is still not complicated. Compared to last Friday's closing, BTC's price has fallen by $2500 in the past two days, while ETH has only fallen by less than $30. Recently, the difference between BTC and ETH has been talked about almost every day. As long as ETH still has a large purchasing power in the ETF primary and secondary markets, shorting ETH may be a thankless task, while Bitcoin is likely to be the forefront of the US stock market. The reason for the two-day weekend decline has been mentioned many times, and the market has begun to reflect on Powell's speech on Friday. Interest rate cuts and economic downturns are more likely to attract investors. However, after a day, expectations for a September rate cut have returned to around 84%. The market now hopes that the Federal Reserve will cut interest rates, but is worried that it will be due to an economic downturn. There are two time points on Monday, one is the morning CME opening to see the thoughts of Asian investors, and the other is the evening US stock opening to see the thoughts of American investors. The most important data for next week should be the core PCE on Friday, which is likely within the market's expected range. Therefore, if the market continues to decline on Monday, I may consider opening more. In addition, several officials of the Federal Reserve will also make speeches next week to find out who is supporting that side. At present, Trump's support should be three people, namely Waller, Bowman and Williams. Looking back at the data of Bitcoin, the turnover rate on Sunday was still very low. Although the continuous decline in price did not trigger panic among investors, of course, it was the weekend. Due to insufficient liquidity, even a small amount of selling may trigger a large amplitude in the price. As mentioned earlier, the rest depends on Monday. However, whether it is BTC or ETH, there should not be a gap. It mainly depends on the thoughts of more investors after a weekend. The seventh support level is gradually taking shape and should be marked next week, probably between $113000 and $118000. There are already quite a few chips hoarded now. This article is sponsored by Bitget | @ Bitgetzh