The U.S. market was closed yesterday for Labor Day, so there was no macro information or fluctuations. The probability of no interest rate hike in September is as high as 94%, which means it is basically certain that there will be no interest rate hike in September.

SNX and CFX invested by DWF mentioned yesterday both had significant increases, but the hype is only temporary. The trading methods of DWF are very sharp. Either it keeps pulling up to beat the shorts into submission, and then it uses the sword of death. Once it falls, it is difficult to go back. Therefore, retail investors cannot beat it, and try to avoid being too crazy. The best strategy is to quit while you are ahead.

On-chain data shows that the number of Bitcoin addresses holding more than 10 Bitcoin coins has increased to 157,000, a three-year high. This shows that people are still confident in holding Bitcoin, so it should be difficult to hand over these chips. After all, Bitcoin will once again experience a four-year halving at the end of April next year.

You can check the latest time node of ETF again. As I said last time, even if it reaches the peak time point in mid-October, it is highly likely to be postponed again. Now the participation of Grayscale has indeed put a lot of pressure on the SEC. For ETF, we can only wait, there is no other way, but one thing is certain, the participation of Wall Street wolves will only make the market more difficult. The more capital joins, the more difficult the capital game will be.

Yesterday I mentioned two speculations about the future market. I still tend to believe that there will be a decline after inducing more buying. However, the current rampant spread of altcoins and the constant cutting of funds may accelerate the decline of the broader market. However, even if it is an accelerated process, without the process of inducing more buying, I think the decline should be relatively limited. Therefore, before breaking 25,000, we should still wait for high-altitude opportunities. The bearish trend of the market has not changed, and the top is constantly moving downwards. The current key pressure is 26,200.

Today's Fear and Greed Index: 35 (Fear) #BTC