8.1 Coinbase Brings Down the Crypto Market
1. Coinbase's Q2 report did not meet expectations, plummeting 8% after hours
2. BTC fell below 116,500 for the first time yesterday but could not recover, which is a very dangerous signal for short-term trading, indicating that more than ten days of consolidation and balance between bulls and bears has been broken, leaning towards a bearish trend. If BTC cannot return to 118,000, it will further deepen the correction
3. ETH's mid to long-term trend remains very healthy, and in the short term, it will also follow BTC's correction