Bitcoin continued to fluctuate sideways, and suddenly fell in large volume in the early morning. Although it was a bit unexpected, it was also reasonable. When the interest rate cut cycle is approaching, it is not uncommon for the market to fall first and then rise.

Ethereum also fell below the support level, but it has not completely lost. There may be a rebound today, and it is recommended to wait and see.

Altcoins continue to fall with the market, and market liquidity is tightening. Projects worth paying attention to in September include SATS and PEOPLE.

The decline in CPI data further increased the market's expectations for interest rate cuts.