1) GDP data will be announced tonight at 20:30 (expected to be positive, there will be a slight increase)

2) The PCE price index will be announced on Friday night at 20:30 (expected to be negative)

3) On Sunday, a summit of cooperation organizations will be held in Shanghai, and Putin is expected to attend. The concept of stablecoins may be mentioned, which is positive for CFX.

4) Regarding the Russia-Ukraine issue, Trump stated that progress needs to be made within two weeks, meaning there will be a conclusion before September 12. If his requests are not met by then, Trump will consider using other strategies. Currently, there is no movement, and it may lead to a negative situation.

There is no other noteworthy information at the moment. Yesterday, I indicated a drop position for ETH at 4444, which went as low as 4465, and a resistance level was given at 4650, which peaked at 4662, basically in line. I have been emphasizing one thing: during these days, short-sellers should not be overly confident, as reversals can happen easily. The speed of fluctuations is also quick. Therefore, if there is profit in the short term, learn to reduce positions and set take-profit and stop-loss orders.

Speaking of the long term, my expectation is that the first half of September will not be good. My personal suggestion is to buy on dips, for example, the ETH position I have repeatedly emphasized can be a long-term buying opportunity around 4170, and around 101888 is also an opportunity for long-term buying.