While the market has been volatile recently, there's an interesting phenomenon: The market has generally been rising during the day and falling at night! This means that the Asian market, which is primarily dominated by domestic investors, is buying, while the European and American markets are selling! Previous news: ETH is likely to fall below $4,000 in its peak trading volume. In the short term (due to the influx of funds from the Federal Reserve's interest rate cuts), all price increases are intended to pave the way for a further decline! Now is not the time for a pattern!

The Federal Reserve must cut interest rates based on the non-farm payroll data, but a rate cut and an immediate surge are two different things! As I've said before: If the rate cut isn't implemented and the resulting funds take time to flow into the market, the time gap left by these two issues will definitely be used by major players to clean up the market! Because the load is too heavy. Even after the rate cut is implemented, if there's a further decline until no one dares to call it a bull market, that's when the real surge begins!

The market may be turning around at 8:30 AM. After so many days of volatility, the time has come. Of course, I remain bearish on the overall market and expect a correction. In fact, before Powell's words, I already predicted that Bitcoin and ETH would likely reach $100,000 and $4,000, respectively. It's only Powell's words that delayed this trend, as shown in the chart below: BTC faces short-term resistance at $112,900, with support at $107,000 and $105,500; ETH faces short-term resistance at $4,480 and $4,520, with support at $4,200 and $4,100. If it falls below $100,000, BTC will first have to see if it can hold above $98,000, and ETH will have to see if it can hold above $3,880! As long as they hold, the bull market remains, and both present opportunities to get on board! Some may ask: Isn't this market manipulation giving retail investors money by driving the price down like this? You're mistaken. Market manipulation is least afraid of you buying at the bottom, nor are they afraid of you making a temporary profit. I was chatting with an industry expert today about this issue, and one of his points perfectly addresses it: What market makers fear most isn't that retail investors make money, but that you won't enter the market! Once you enter, you've been trapped in a sheep pen, and the market makers have a thousand ways to harvest you! So, market makers manipulate the market downturn to encourage you to buy at the bottom, allowing you to temporarily profit. But then, your greed won't allow you to lock in your gains, but instead you'll increase your investment. That's when the market makers reap the rewards! Who among the experienced investors who have experienced a bull and bear market hasn't made money? I once made a profit on A7 in a single month, then lost it all on a 5.19 rally, mismanaged trading, and lost everything! So, in this industry, learning to stop when you're ahead and lock in your profits is always crucial. It's also the final step for investors to become skilled traders.

Get ready for ETH starting with 3

Will the market continue to fall? Where is the bottom? BTC and ETH have already reached the first target we mentioned earlier: $112,000 and $4,050. The second target, $105,800 and $3,830, is also very close! At this point, there should be a rebound after reaching the first target, though the rebound may not be significant. The current situation was actually discussed at the beginning of the month: Expectations of a September interest rate cut were hyped up, and Bitcoin has continuously broken new highs. However, after all, there hasn't been an actual rate cut, so there's still too little money in the market. Firstly, it can't support a sustained rise, and secondly, it can't support the rise of most cryptocurrencies. Only a few high-quality cryptocurrencies have seen significant gains. Although I mentioned yesterday that the bull market foundation remains in place, a deep market correction is inevitable. Otherwise, if interest rates are actually cut and market liquidity increases, the main players won't be able to pull such a heavy load. Where is the bottom? For BTC and ETH's bottoms, let's first consider the second targets mentioned on Monday: $105,800 and $3,830. As for the third targets: falling below $100,000 (around $95,000) and $3,500, the probability has now increased to 50%. For altcoin declines, multiply the decline by 2-3 times the ETH decline. Finally, the longer the price falls, the more it tests your courage to buy the dip!

Whales are also big investors, and they panic sell when the market drops.

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Bitcoin has already plummeted by 10,000 points, but the decline is only 7.9%. Based on previous bull market trends, a normal correction would be at least 10%-15%. The target levels for Bitcoin's subsequent correction are: $112,000 and $105,800. If a "black swan" event is hyped by major investors, it could plunge below $100,000. ETH's corresponding target levels are $4,050 to $3,830, with a potential breakout above $3,500! Currently, the first level is the most likely, meaning $112,000 for Bitcoin and $4,050 for ETH. The other two levels are a matter of luck, but don't be afraid! $BTC

Yesterday, I also said that the short-term market needs a correction. The risks of chasing long positions outweigh the risks of rising prices! Bitcoin is poised to test $116,000, and ETH's support level is 4400-4450, which is exactly where the current decline has reached. This decline appears to be driven by US PPI data and the Treasury Secretary's remarks, but in reality, it's mainly due to the excessive rise. This is just a trigger. The current decline has seen significant volume, and a larger correction is expected. However, there will also be a rebound before the correction, which will help to curb short-selling. In the short term, it may be best to go long first and then short, or wait for a high point. This decline and correction is just the beginning. Don't rush to buy the dip, but be prepared. If a dip reveals a golden opportunity, don't be afraid; bravely buy the dip!

I asked an old colleague at the time, and they said that this time the token supply was doubled, mainly due to the destruction of 65.25 million tokens. The destruction will stop in the future, and the total supply will be fixed at 21 million tokens! What will happen next?