1) Tonight at 20:30, GDP data will be released (expected to be positive, with a slight increase)

2) On Friday night at 20:30, the PCE price index will be released (expected to be negative)

3) On Sunday, Shanghai will host a summit of the cooperative organization, with Putin expected to attend. The concept of stablecoins may be mentioned at the meeting, which is positive for CFX.

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

There is no other noteworthy information for now. Yesterday, I indicated a drop position for ETH at 4444, which went down to a low of 4465, with a resistance level at 4650, and it peaked at 4662, which is basically in line. I have been emphasizing one thing: during these days, short sellers should be cautious; reversals can happen easily. The ups and downs are also quick. Therefore, if there are profits in the short term, one should 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 very 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 a long-term buying opportunity.