When others are greedy, I am fearful; when others are fearful, I am greedy.

——Warren Buffett

News

1. According to the latest data from alternative, today's Fear and Greed Index (FGI) is the same as yesterday, both at 26, and is in a state of panic.

2. According to theblock data, Bitcoin miners' earnings in August hit a new low this year.

3. Bitcoin hash rate stabilized at a historical high after halving, and miners are confident.

Yesterday's Ethereum trend was in line with expectations of falling first and then rising, and short-term operations made a profit. The early morning decline is hitting the strong support of 2391 and then rebounding. Today's short-term operations will first look at the rebound. Although the possibility of the Federal Reserve's interest rate cut in September is greater than 50%, which is good for the long-term trend of the subsequent trend, short-term operations should be cautious to avoid dealers smashing the market and absorbing funds at low prices before the non-agricultural data.

Ethereum experienced a V-shaped reversal after the declines in early May, early July, and early August. The gradual weakening of the underlying market structure and fundamentals caused each decline to become deeper, and the subsequent recovery became quite mild. $BTC $ETH