The market fluctuation in the early morning mainly stems from the speech of the Federal Reserve Board of Governors that began at 22:00 last night. Although this week is a week of intensive speeches by the Federal Reserve Board of Governors, with varying directions in their remarks, it is nonetheless short-term stimulative for the current risk market, especially in the United States.
Especially after the significant positive surprise in the announcement of the second quarter GDP final value tonight, market confidence in a rate cut in October has begun to waver, coinciding with a high-level adju

Although it seems that the US stock market has been falling in the past two days, the fall of BTC actually preceded the stock market, especially the reaction during the weekend appeared more like an early "expectation" of the stock market. Moreover, from the market response, there has not been an expectation of systemic risk.
On Friday, the core PCE data will be released, which is also a slightly more important data point recently. The current market expectations for core PCE are relatively good, with the key annualized data expected to be the same as the previous value. According to the Cleve

It is best not to buy the dip; the support below is very far.

No pattern to live by! 4100 seconds to break.

Today's market trend is indeed a bit complex. In the morning, it was believed that the H-1B policy was the main influencing factor, but after observing in the evening, the rebound in the U.S. stock market is more driven by favourable information from technology stocks, including the TikTok incident, expectations for Apple, TSL, and Nvidia. Among the seven sisters, three have risen, and four have slightly fallen. In contrast, Crypto Assets continue to decline, but no new unfavourable information has emerged, so the assessment of systemic risk is not valid.
The short-term risk lies in the li