1/ n S&P fell nearly 2%, while Russell rose 1.68%, and sector rotation continued. In addition to the rate cut trade, Trump trade returned to the stage (potential negatives: further restrictions on chip exports, intensified Sino-US trade frictions, etc.), the pullback of chip stocks and concerns about the unstable political situation, the US stock market fell under pressure

This week's major events:

Thursday US second quarter GDP; Friday US June core PCE;

Biden withdrew from the election; the Federal Reserve entered a silent period

2/n #BTC Ignored the US stock market last week and finally ushered in a relatively smooth rise. The weekly line closed above 68,000 and came to the upper edge of the channel. It may be temporarily blocked. If the pullback does not break 63,500, it is still expected to continue to rise.

This was edited in the morning. It has already fallen below the upper edge of the channel. If you miss the opportunity to go short at the upper edge of the channel, you can try to go short when it falls below 67,000 and does not pull back.

n/n #BTC If you don't try to go short, you can wait patiently to see if you can get support and rebound at 66250 (small support) and 63500 (big support). These are not only technical support levels, but also the cost level of new accumulation of chips.

Of course, shorting does not mean that we are bearish on the market from now on. It's just that it has risen for two consecutive weeks and has come to the upper edge of the channel and has a false breakthrough. As a rule, we will still choose to go short. If we lose money, forget it. DYOR