The market officially enters the last day of the week. This week's market can be described as a big drop followed by a big rise. In the daytime, Lao Wang will come back to review this week's market for everyone. Regarding yesterday's Saturday market, after reaching a high in the early morning, it fell back until noon when it stopped the decline and rebounded. However, the subsequent fluctuations in coin prices were not significant, with BTC having a daily fluctuation of about 3000 points and ETH about 200 points.

In fact, from the current market analysis, the decrease in turnover rate over the weekend is a normal phenomenon. Short-term investors' buying and selling are relatively balanced, and BTC still has effective support at 112,000. The current market expectation for a rate cut in September has returned to 75%, but overall it may not be over yet. The future market trend will likely depend on the emotional response after the U.S. stock market opens and how investors reinterpret Powell's speech.

Therefore, in the short term, Lao Wang actually advises reducing trading frequency. For those who really can't help it, be sure to set strict stop-loss limits and avoid placing orders before going to bed! This is something Lao Wang emphasizes repeatedly!

For further market analysis, everyone can also watch the blog posts released by Lao Wang and feel free to contact Lao Wang at any time.