So far, the price of BTC is about $30,270. The trading volume continues to be sluggish, and the early morning market has failed to bring unexpected breakthroughs. Obviously, the "painting door" incident last Friday and Saturday made everyone cautious about the market. At present, BTC is fluctuating in a small range of 30,000-30,400, with a small fluctuation range. Compared with last week, the fluctuation position has been lowered. Combined with the trading volume, the K-line at 2 a.m. and 7 a.m., with only 40 million and 30 million transactions, formed a 200-point fluctuation. The short-term buying position has been lowered to below 30,000, and the market's consensus point for bottom-fishing has been adjusted. This is a problem that needs attention. The Ripple incident last week brought heat to the market, but the beneficiary was not BTC, but many altcoins. Although the altcoins have risen well, their performance was not stable when BTC stepped back. This rise was more affected by FOMO sentiment. In addition, for the progress of the Ripple case, we need to understand the relevant US financial bills to determine whether the SEC is likely to appeal in the short term. Therefore, we should not be too optimistic. From the news perspective, the market volatility needs the guidance of news to break through. The news that needs attention at present is that the Fed officials have been mentioning the possibility of raising interest rates in their external communications recently. However, many institutions and analysts believe that it is not wise to raise interest rates at this time. Although the remarks of Fed officials have increased the possibility of raising interest rates, the rate hike will not lead to the so-called crash. I think there may be a fluctuation of 1,000-1,500 points, but there is no need to be too pessimistic. At this time, the price of BTC below 28,000, I don’t think it has the factors to fall to this position. At present, the market’s focus is mainly on altcoins, especially the recent FOMO sentiment in neighboring South Korea is very high, and some rhythms are even a bit crazy. We should be wary of the dangers of this kind of national FOMO sentiment, especially considering that their economic situation is already precarious. If problems arise again, it will have a more serious impact on the crypto market. As for the application of ETFs, it is currently being carried out according to the relevant procedures. The key factor lies in the implementation and implementation of regulatory measures. If the supervision is implemented, it will accelerate the process of ETF applications. We will get specific news about ETF applications in September.Trend direction: During the day, we are not optimistic about the oscillating trend between the breakthrough areas. In the absence of external news stimulation, the opening of the US stock market in the evening may drive the market to fluctuate upward slightly, and then continue to look downward. Trading strategy: In the absence of news prediction, choose to hang short at high positions. Cancel the previous long order of 29200, and expect the small fluctuation position brought by the US stock market to carry out short trading, and wait patiently for the oscillation downward. Set two support levels as the stop-profit position, and choose according to the speed of the breakthrough. If there is a steady downward movement, directly choose the second stop-profit position; if there is a rapid decline without volume, choose the first stop-profit position. 30000 points can be used as the first stop-profit position. The choice of specific stop-profit position can be adjusted according to personal observation. Spot: For spot traders, many people will focus on long-term development, so if there is no drastic change in the market, there is no need to worry too much, of course, unless you are a heavy position holder. The rise of many altcoins is driven by the enthusiasm brought by the Ripple incident, but there is often a relative calm after the enthusiasm. Once the market has a short-term retracement trend, high positions should be reduced and low positions should be covered. For traders who have established positions before this rise, they can flexibly adjust their strategies. However, traders who have recently increased or established new positions should pay attention to risk control to prevent being locked in at high levels, and be sure to leave room for compensation. For several currencies that have recently experienced abnormal movements, you need to pay extra attention to risk control. Because several of these currencies have risen due to market makers taking the opportunity to guide FOMO sentiment, you need to be extra cautious. I will select several currencies for a brief introduction. Investment is risky, so be cautious when entering the circle. You can answer questions in the comment area and receive red envelopes (you can upgrade to the latest version to receive)