The important news these past few days is that

Moody's has downgraded the U.S. credit rating from AAA to AA1. This is the first significant downgrade since 2011 by S&P, when U.S. stocks plummeted by 5%.

Yesterday, Bessen responded by saying that Moody's is unreliable (a rather weak rebuttal).

So tonight, let's see if Wall Street considers Moody's rating to be credible.

Pay attention tonight:

1) 21:30, the trend after the U.S. stock market opens; if Wall Street acknowledges Moody's rating, then U.S. stocks will plummet, leading to a market crash (the likelihood of a crash is very high).

I believe Moody's rating is credible; the U.S. government has no credibility, it’s all just Trump's words, changing from day to day, and Wall Street can definitely smell the trouble, so fleeing is quite normal!

2) Pay attention tonight at 22:00 for discussions between Trump, Ski, and Putin (they talked for two hours before but didn't reach an agreement, and they will continue tonight, but the likelihood is still low).

Last night, BTC quickly gained liquidity, which is a very false signal! The high probability is that it's to wipe out the short positions before continuing to drop!

Today's market analysis:

BTC current price is 104300, looking at 99825, resistance at 106000.

ETH current price is 2400, looking at 2115, resistance at 2588.