8.23 #ETH fluctuated after reaching $2500 $BTC short at 76700, take profit at 74200 $ETH short at 2408, take profit at 2330 The small rebound is weak, institutions are unloading Just keep bearish, a lot of people are trapped on the upside

8.22# US PMI hits a four-year high, September rate hike disagreements intensify Analyzing Gao Zhikai's current prediction of a financial tsunami and the true extent of the US AI bubble! According to the latest data from August 2026, the US AI industry is already showing signs of a structural bubble, with some indicators even surpassing the peak of the 2000 internet bubble. 1. Valuations severely detached from fundamentals: The S&P 500 Shiller cyclically adjusted P/E ratio stands at 42.7x, only 1.3 points below the 2000 internet bubble peak. The total market value of the seven major US AI tech giants is $20.72 trillion, accounting for 36% of the S&P 500's total market cap, with market concentration reaching a 30-year record. 2. Input-output completely unbalanced: The five major US tech giants have cumulatively invested $560 billion in AI, but actual AI business revenue is only about $35 billion. For every $16 invested, only $1 is earned back. Leading cloud providers' capital expenditure in 2026 is expected to reach $725 billion, partly relying on debt financing. The industry's financing gap may reach $700-800 billion. 3. Localized bubbles have already burst first: In July 2026, the US AI stock sector suddenly crashed, with giants like Google, Amazon, and Nvidia seeing significant market value evaporation. At the same time, prices for large AI models dropped nearly 25% within a month, and many pure AI concept companies' stock prices have retraced 90% from their highs. The "narrative without performance" bubble has begun to clear out.

August 21 news: 1. The US SEC Chair announces new regulations for crypto asset supervision; 2. CFTC Chair: Will use existing powers to establish crypto asset market regulation; 3. Rostin Behnam: Crypto Regulation without Clarity Act lacks clear regulatory boundaries; 4. CFTC Chair Selig: If the clarity bill does not pass, a crypto market structure will be established; 5. US CFTC Chair states the Bitcoin Clarity Act will be submitted to President Trump for signing; 6. CFTC considers rules allowing crypto exchanges to offer leverage and margin trading; 7. CFTC plans to advance crypto rules despite the CLARITY Act not passing; 8. USDT disappears from regulated platforms in Europe, global demand remains strong; 9. CFTC Chair: Whether the bill passes or not, the crypto market structure framework will be introduced, still to be verified; 10. SEC suspends crypto innovation exemptions, awaiting vote on September 15.

Is Bitcoin crazy? It surged 10,000 points in two days, and this kind of situation last happened last year 🥲

8.21 #BTC breaks through $72,000, can this rally continue? $BTC key levels (daily - 4-hour timeframe) Resistance: 73,500 Support: 70,300 (bull-bear watershed) → 68,500 → 64,500 If it holds above 70,300, the current rebound structure remains with volume expansion and stabilizes above 73,500, further opening bullish potential. If it breaks below 70,300 effectively, the strong rebound phase ends temporarily, with priority to retest the 68,500 support zone. $ETH key levels Resistance: 2,380 Support: 2,180 (bull-bear watershed) → 2,040 → 1,860 Currently, I personally have a bearish view, expecting a short-term pullback. After a rise, a fall is inevitable, possibly a major drop. Pay close attention to the news impact on the 28th!

Short BTC and ETH now, if not short now, there will be no place to short in a week, just waiting for the speech from Walsh on the 28th for signals 😀

8.20# U.S. Treasury expands long-term bond repurchase, 30-year U.S. bonds retreat from highs This post analyzes the gold trend, how to understand the gold trend! First point: Why has gold recently taken off? Two important points: U.S. bonds have fallen into crisis, causing a huge liquidity gap. The specific reason is the rapid collapse triggered by selling euros to rescue the yen. The U.S. Treasury immediately stepped in to stabilize the market, but this can only have a temporary effect. The core problem still exists, and the final outcome still requires the Federal Reserve to open the floodgates! Another reason is the decline of the U.S. dollar, with funds flowing into stable assets like gold and high-risk assets like crypto. This does not mean liquidity has improved; liquidity remains very tight and requires the Federal Reserve to inject liquidity to improve. Currently, gold is bearing part of the load, and major central banks are continuously purchasing gold. So this is the takeoff phase for gold, a long-term positive trend forming. Next, we will see if it can reach the important 5000 mark! A simple share about the gold trend. Friends involved in gold trading are welcome to exchange views if they have different opinions. Understanding the trend is key to understanding the movement. Wishing everyone prosperity 💰

8.20 #美联储7月FOMC纪要9比3，官员加息分歧仍在 #BTC突破69000美元，这轮上涨能走多远？ $BTC70000 $ETH 2340 surges, is the crypto bull really here? This rally seems like the bull has arrived, but in reality, it is the market's dynamic response to news. When the US Senate has set the voting date for the Clarity Act in September, a bill that originally seemed impossible and was even delayed to next year for voting, has turned back into a certainty. This is a crucial key point! The SEC proposed new crypto product rules before the White House summit. And with Trump hosting this crypto summit, after a long period of market stagnation, we finally see a glimmer of hope. The market will react quickly and support Trump with actions, as only Trump can change the crypto market landscape. This is the main important reason for this rally, with both timing and logical space in place. Some ask if the bull is really here this time? My personal understanding is that this is a positive development sign, not that the bull has truly arrived. Next, we need to see if the Senate bill will really pass, what important messages will be released at the Washington annual meeting on the 28th of this month, and whether the rate cut expectations will be brought forward. These three important pieces of news will determine if crypto will take off. It is not last night's news alone that confirms the bull is here. Whether the bull comes or not depends on whether it can be successfully implemented within a month! Follow ETH Tianhao for daily updates to understand the macro trend 🙏

8.20 Major crypto news: The U.S. Senate has set the voting date for the Clarity Act, and the SEC has proposed new crypto product rules ahead of the White House summit. Additionally, Trump will host this crypto summit, which is the key reason for the significant $BTC $ETH rally!

8.19 Market Latest News: The U.S. Treasury announced an expansion of the long-term nominal Treasury repurchase program, involving temporary repurchases of 10, 20, and 30-year Treasuries. In other words, the U.S. debt issue was resolved instantly, with no delay at all—immediate reaction within a day, directly resolving the liquidity crisis. Truly unmatched 😅