Nan Ge's Notes:

The K-line trend of the Nasdaq index is really an art. It is full of logic, and market information will eventually be reflected in the price trend.

The Nasdaq touched the top of the price channel and began to pull back. Yesterday's naked K-line trend was very bad. It is predicted that this wave of pullback will fall below the 38.2% position.

At that time, the big cake and SOL will be linked with the market, and there will be a wave of slow decline.

September is coming soon. September is the golden month of September and October is the silver month. Generally, the market will have violent fluctuations. The important time nodes in September are the 5th (US economic prosperity report at 2 a.m.), the 11th (August CPI data), and the 19th (interest rate announcement).

These three nodes determine the trend in September and October, and there is no doubt that the interest rate cut will be cut.

Whether it is an economic recession or an economic downturn, these are currently predicted by institutions. We have to wait for the data report on the 5th. And this conclusion can only be drawn based on the economic data of each month. It is too early to conclude that the US economy is declining and going downhill.

As long as the interest rate is lowered, it will promote market liquidity, no doubt. The overall market will go up.

Now just wait patiently, and then I will continue to take the ETH sold by Grayscale. The price of ETH is undervalued. The market value of 300 billion means that the final price of ETH will be fixed by the market.