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The market in the afternoon continued the volatile trend in the morning, and the big cake market showed obvious hesitation and uncertainty at the current position. From a technical perspective, although the market has shown signs of stabilization, it still needs more time and space for in-depth repair to consolidate the bottom support. During this period of time in the afternoon, volatility is still the main theme. It is worth noting that although there are signs of bottoming out, bearish sentiment still dominates the market.

Study finds:
Crypto holders = psychopaths.
Researchers at the University of Toronto found that
Crypto holders have lower levels of analytical and scientific thinking,
and are more likely to exhibit psychopathic traits than the general population

Bitcoin ETF has had net inflows for eight consecutive days!! Bought for eight consecutive days!!

Day 1: $11.11 million
Day 2: $36.01 million
Day 3: $61.98 million
Day 4: $88.06 million
Day 5: $39.42 million
Day 6: $64.91 million
Day 7: $250 million
Day 8: $202 million

Bought for eight consecutive days, BTC and altcoins have been rising for so long!! It’s normal for people to sell some Bitcoins with profit!

Since the big cake climbed to 58500 this month, there has been no continuity. The stretch to 65000 last Friday was also due to good news. If it cannot continue to stabilize and rise this week, then the next month may be volatile.

Yesterday, I chased more near 63600, and Xiaosun was out in the early morning. There is still no continuity for yesterday's market. Within a range of fluctuations, the high position may be more acceptable. 64200 is a hurdle that has not been crossed.

How to avoid bank risk control for large withdrawals

Besides the most important freezing issue, the only thing left for withdrawals is bank risk control. OTC dealers can only guarantee the safety of your funds, but cannot guarantee whether the bank will conduct risk control.

Bank cards that have not been used for a long time or have little flow are indeed more likely to be subject to bank risk control, but these are all low-probability events. Many remittances of more than one million yuan have never been reported by customers to have been subject to risk control, but there have been cases where customers' remittances of 70,000 yuan triggered bank risk control. However, even if they are subject to risk control, it is easy to solve, as long as the remitter cooperates well.

You can't be happy in the cryptocurrency world after all
1. You miss out, it's uncomfortable.
2. You lose money, it's uncomfortable.
3. You make money, but regret not going all in, it's uncomfortable.
4. You make money by going all in, but it's not as much as others, it's uncomfortable.
5. It's more uncomfortable to see you make money than I lose money.

Next week is a critical week, and there are several important things to pay attention to
1. Will there be a rate cut in September?
2. Annualized rate of US PCE price index, personal expenditure rate, and core PCE price index in July
3. Speech by Fed Governor Waller
4. Revised value of annualized seasonally revised rate of US real GDP in the second quarter
5. Data of Dallas-Fort Worth Business Activity Index in August

A few tips for newcomers to the cryptocurrency circle. Reading this will help you save a lot of tuition fees.

1. Don't use a wallet at the beginning. It is a safer choice to put the coins on well-known exchanges, such as Binance.

2. For new coins, it is best for novices to avoid them, because their fluctuations are very large and difficult for novices to grasp.

3. Newcomers should avoid contract trading! This is very dangerous for novices and it is easy to lose money. Believe me, this is something you can't grasp! If you are not sure about investing in the cryptocurrency circle, you can choose to buy BTC and ETH. Although the small increase implies that the decrease is also small, the benefits and risks are the same.

4. Be mentally prepared before entering the cryptocurrency circle. Don't put all your eggs in one basket. A 20% drop in one day is a common phenomenon. In addition to Bitcoin and Ethereum, don't invest all your money in other single currencies, especially altcoins! They may return to zero!

5. Position allocation is very important! Never "all in", keep "bullets" in your hand, so that you can respond to market changes in time.

The news of the interest rate cut released by the Federal Reserve did not make Bitcoin crazy. It started to lose strength after rising for one day, which means that the upward momentum is very limited! On the one hand, there is insufficient momentum, and on the other hand, retail investors have chips in their hands and cannot pull it!

Recalling the past six months or even a year, when did the market fall into despair and panic and hand over chips? There should be no! The market did not sell its chips in the big drop on August 5, because it did not stay at the bottom of 50,000. If it stays at this position, many retail investors will worry about another drop, and they will hand over their chips and leave the market if they are scared! It rebounded directly without stopping after touching the bottom, which means that the market has not begun to despair, and it has returned to its original position before it reacts.

Just now, the big and second cakes went up a little bit.
Don't panic, brothers. Although there is an increase, the volume is not large enough.
It is not considered a breakthrough!
The big cake is below 62,300
The second cake is below 2710, don't panic
Currently continue to close
The Yali position of 61,600~62,100 for the big cake and the Yali position of 2670-2700 for the second cake!

Shocking news!

Cryptocurrency fraudster suspected of over 100 billion!

Extradited back to China!

On August 23, Xinhua News Agency reported that

On the evening of August 20,

with the strong assistance of multiple Chinese departments and Thailand,

the Ministry of Public Security's "Fox Hunting Operation" working group

extradited Zhang Yufa, a major economic crime suspect, from Thailand back to China.

He is the first economic crime suspect extradited from Thailand by China after the China-Thailand Extradition Treaty came into effect in 1999.

Since 2012,

Zhang Yufa's MBI Group has been engaged in virtual digital currency,

making people pay to become members,

attracting people with high rebates,

relying on the development of members and the amount of funds to calculate rewards,

engaging in online pyramid schemes.

The funds involved exceeded 100 billion.

In 2020, the Chongqing police filed a case,

was issued a red notice by Interpol in 2021,

was arrested in Thailand in 2022,

and then China applied for extradition.

In May this year, a Thai court ruled on extradition, and in August the Thai government decided to support it.

The price of Bitcoin fluctuated and narrowed yesterday, and there is a high probability that it will usher in a chance of a change. The price of the currency hit a high of around 61,800 yesterday, and fell again under pressure. It is currently fluctuating slightly around 60,500.

From the trend, the upper boundary line of the previous convergence triangle has the need to form a support-resistance exchange, but there are layers of resistance above.

Tonight, Powell will speak hawkishly, leading to a positive rise, breaking through layers of resistance and breaking the oscillating trend. The idea continues to be bullish last night, and the coin friends who entered the market yesterday should hold patiently.

Analysis by Auntie at noon on 8.23:

It is expected that there will be a small upward shock today, with the upper pressure near 2700. You can short based on this resistance.

Short around 2675-2695, and look down to 2600-2550

At first glance, WIF is very strange. It was listed on Binance for no apparent reason, and it is just a dog wearing a hat. Why can it quickly crush all competitors in terms of trading volume and market value, and only lag behind $PEPE? Don't care about the reason. The more you don't understand, the more you should pay attention to it.

I didn't ask you to buy PEPE, but I think the multiple may not be that big. It is likely to have a maximum return of more than 10 times. BOME is too weak and I can't feel big funds. BONK's performance is mediocre, not bad, and people who like small units can buy it.

But I think that in terms of newness, WIF is newer than PEPE and $BONK. In terms of potential, US users cannot buy it in Coinbase for the time being, because Coinbase International Station has only launched its perpetual contract, and it should only be a matter of time before it is listed on the spot. And judging from the coin price chart, it is still in the bottom range.

The first point is only a small factor. The second point is that the AI ​​track has cooled down enough. Most of them have fallen to the bottom range and cannot fall any further. However, the imagination of the track is huge, so we must bet heavily on AI. Every time Altman, the founder of OpenaAI, does something, the two AI coins that benefit are WLD and ARKM. Unlike WLD, ARKM has a strong brand exposure in data tracking and has established an important position in data query in the past few months. It also has strong brand cooperation capabilities and good social data performance. It’s just a pity that there are no influential people shouting orders on Twitter, and its CEO’s Twitter is like a robot account.

The altcoin sector has a mild outbreak, and some altcoins have a higher increase. Recently, you can still pay attention to SATS. You can buy it in batches when it is low. There will be major positive news in September. PEOPLE can also be a key currency to focus on. Build a collection when it is low and wait for good expectations before the November election. CKB can be adjusted to replenish the collection and wait for subsequent positive news. Pay attention to the rotation of the altcoin sector recently. You can consider short-term strategies and pay attention to the latest fundamental information in a timely manner.

Fundamental news: Unemployment benefits data will be released on Thursday, and Trump’s speech on Friday

Yesterday, BTC continued to consolidate. In the early morning, it broke upward with a slight increase in volume, and then quickly recovered. The market fluctuated greatly. At present, BTC is in a good trend and the market is gradually stabilizing. It is expected to continue to rise before the interest rate cut. You can continue to follow up during the day. Trump will give a speech on Friday, which is expected to be positive. You need to be cautious before the interest rate cut begins. There is a high possibility of falling first and then rising before the interest rate cut cycle begins and in January and February. This is the case for every round of interest rate cut cycles, but the big cycle is absolutely positive and you need to wait patiently. The expectation of a 50 basis point interest rate cut in September has declined, and the expectation of the big cycle has not changed. The bull market expectation is still built on

ETH rose synchronously with BTC, without obvious increase in volume, maintaining range fluctuations, and good support below. ETH's on-chain GAS has fallen to a new low in 5 years. The on-chain environment is sluggish and has approached the bottom line. You can consider following up and holding, and keep holding. A new round of rising cycle is not far away.

1. Bitcoin is not a legal tender in my country. Individuals are free to buy and sell (including the inflow and outflow of funds) and do not violate the law. However, do not speculate on the exchange rate through U, and do not recruit people.

2. Conducting cryptocurrency-related businesses, such as opening exchanges, issuing coins, and conducting over-the-counter transactions (OTC), are all illegal.

It should be noted that due to differences in cognition in different regions of the country, there may be deviations in law enforcement. In short, currency speculation is a personal behavior, and as long as it does not involve offline activities and related projects, there is usually no problem

Focus on the news of these coins, there may be big moves in the near future! !

$BTC - BTC once again stood above $61,000, Mt.Gox said that it had completed a new round of repayments according to the compensation plan on August 21

$ETH-Vitalik posted a bullish picture of ETH on social media. He said that this was in response to the community's suggestion that he "talk less about philosophy and publish more positive news about Ethereum"

$BNB-pumpfun@four_meme_ on BNBCHAIN ​​began to become active, driving the demand for BNB

$MATIC-From August 26, Coinbase will migrate the token code from MATIC to POL on the Polygon network

$METIS-Aave will support METIS tokens as collateral

$ARB- @arbitrum_cn Developer Offchain Labs released a future technology roadmap. Stylus will be launched on the Arbitrum One and Nova mainnets in early September, supporting WASM language development such as Rust, C and C++

The three short coins did not follow the big cake, and the market was pulled up almost at the same time. Aave comp crv, which is not related at all