After the US employment data collapsed last Friday, expectations for interest rate cuts have been rising every day. Today, the probability of a 25 basis point rate cut in September, as expected by CME, has exceeded 90%. The interest rate cut in September is getting closer, and the pullbacks during August are opportunities for you to enter the spot market. Currently, Bitcoin's rebound is relatively weak, while ETH is starting to perform independently. In fact, it's mainly driven by listed companies and institutions, but the narrative for ETH hasn't started to gain traction yet, so it might continue to move back and forth in a range, constantly grinding. Institutions and listed companies will acquire more ETH, just like BTC was grinding at 100,000 in the first half of the year, with MicroStrategy continuously buying while retail investors can only watch. However, this range will definitely keep rising.