$ETH 1. Observing historical patterns, both the US stock market and the cryptocurrency sector experience a pullback season in August. The first bearish weekly candlestick of August is about to complete, and at least two more weeks of bearish candlesticks are expected. This is the charm of cycles...

2. From a technical perspective, the three peaks on the weekly candlestick indicate a significant adjustment is certain, and the basic logic of short-term bearish and long-term bullish remains unchanged...

3. The non-farm payroll data released yesterday has made the expectation of a rate cut in September more ambiguous. There is no additional external capital entering the market, requiring the digestion of some profit-taking positions and the transfer of more retail investor shares to US companies at this level...