The S&P fell sharply in early August (S&P cumulatively -10%, Nasdaq cumulatively -16%), and then quickly reversed. It has now returned to the upward trend. It does not mean that there will be no correction later, but unless there is a black swan, there is no possibility of a deep decline.

July CPI was lower than expected, and US retail sales in July were higher than expected. Everything points to a rate cut in September, but a 25% rate cut seems to be enough.

The most important macro event this week is Powell's Jackson Hole speech on Friday, no one else

#BTC After a deep drop on August 5, it closed positive for two consecutive weeks. The rebound of 0.618 suppression level 62000 has not been reached. It cannot be said that it has returned to the upward trend. It is still in a shock repair. Waiting for the opportunity of a second exploration.

The current idea is very simple, either waiting for an opportunity to explore a new low without breaking the second exploration, or waiting for the formation of an upward trend on the right.