8.20 Macroeconomic Market Analysis Good afternoon, brothers. The market has been correcting these past few days. Panic has started to set in, with the fear index dropping to 44, down from an average of 73 last week, marking the lowest since June 22. After a month of gains, a correction was inevitable. This week, two major events will impact the market, and some smart money may escape early. In the past few days, $500 million has flowed out of Bitcoin's ETF. In the early hours of Thursday, the Federal Reserve will hold a meeting to decide whether to cut interest rates in September. On Friday, Powell will give a speech, which may be bearish regarding interest rates not being cut in the face of stubborn inflation. Currently, BTC has fallen below the 60-day moving average. We will see if it can close above it today, meaning it is below the average cost of purchases made in the last two months, very close to the 99-day moving average, which has significantly reduced the risk. However, we must be cautious of a final blow: the current U.S. stock market hasn't seen a major drop. We need to prepare for the possibility that if the stock market falls sharply after Powell's speech, BTC could drop another 3-5%. If there is one last drop, approaching $110,000 would be a good buying opportunity. Given that ETH has risen significantly, with its 60-day moving average at $3,400, we should prioritize buying BTC and SOL. If ETH drops below $3,900, we will reassess whether to buy. Of course, these are just speculations; Long Brother does not make reckless guesses. We will look at the technical patterns and take it step by step! Long Brother's analysis is just a friendly reference. Adults must take responsibility for their own decisions. Investing carries risks; please invest with spare money and think independently!