U.S. Redbook Business Retail Sales Year-on-Year for the week ending August 29

In the current market environment, investors may consider positioning some Crypto Assets with ETF potential at low points. It is advisable to prioritize following projects whose approval results are about to be announced, in order to seize the best opportunity. According to the expected schedule, October will see the approval results for several important coins, including Solana (SOL), Litecoin (LTC), Ripple (XRP), Dogecoin (DOGE), and Cardano (ADA). Following that, the approval results for Polkadot (DOT) will be announced in November, while Sui (SUI) is expected to be unveiled in December. Considering this timing, investors may find it more strategically significant to focus on this batch of coins in October. This is not only because their approval results are announced first, but also because it could trigger an immediate market reaction. However, investors should keep in mind that the Crypto Assets market carries high risks and is highly volatile. Before making any investment decisions, it is essential to conduct thorough research and risk assessment. At the same time, diversifying your portfolio is also an effective way to reduce risks. With the continuous development of the Crypto Assets market, the launch of ETFs may bring new opportunities and challenges to the entire industry. Closely following market dynamics and timely adjusting strategies will be the key for investors to achieve success in this rapidly changing field.

The latest U.S. employment data released shows that for the week ending August 23, the number of initial jobless claims was 229,000, slightly lower than the previously expected 230,000. This figure has decreased from the previous week's 234,000 (revised), indicating that the U.S. labor market remains strong. The impact of this employment data may extend to the cryptocurrency market. Strong employment data indicates that the U.S. economy is in good shape, which could influence the Federal Reserve's future monetary policy decisions. The market had originally expected that the Federal Reserve might consider cutting interest rates to support the economy, but now that possibility seems to have diminished. Instead, the Federal Reserve may maintain its current policy stance and even lean towards further tightening. This may not be good news for the cryptocurrency market. The cryptocurrency industry often benefits from a loose monetary policy environment. If the Federal Reserve does not cut interest rates or continues to tighten its policy, it may reduce the inflow of funds into the cryptocurrency market. In addition, in a situation of good economic performance, investors may be more inclined to invest their funds in traditional financial markets, such as the stock market, as these markets are considered to have relatively lower risk. This may lead some investors to withdraw from the cryptocurrency market and invest in other asset classes, thereby putting downward pressure on cryptocurrency prices. However, it is important to note that the trends in the cryptocurrency market are not entirely determined by macroeconomic data. Significant events within the industry, such as the launch of important projects or changes in the regulatory environment, can also have a major impact on the market, offsetting the negative effects brought about by macroeconomic factors. Overall, while strong employment data may pose short-term pressure on the cryptocurrency market, the long-term trend will still depend on the combined effect of various factors. Investors should closely monitor market movements, weigh all information, and make informed investment decisions.

Analyzing the one-hour Candlestick Chart of SOL, it is found that the Trading Volume is shrinking, while the three lines of the KDJ indicator are all showing a downward trend. These technical indicators suggest that SOL may soon face a short-term pullback. However, this does not mean that the long-term trend has changed. If SOL can hold steady at the support levels around $207 or $201, we may see a new wave of upward movement. Investors should closely monitor these two key price levels, as they may become the starting point for a pullback. Looking ahead, if SOL manages to stabilize and regain its upward momentum, the next target price may be $237, followed by $250. These two levels represent potential resistance points, and breaking through them could trigger stronger upward momentum. It is worth noting that the cryptocurrency market is highly volatile, and investors should consider multiple factors before making any decisions, while always maintaining risk awareness.

Last night at 9 PM, we were supposed to discuss the safety of withdrawals in the Crypto Assets field, but due to a fren's first live stream, I went to support him at the last minute, which resulted in this important topic not proceeding as planned. Therefore, I have decided to reschedule this discussion for tonight at 9 PM. The security of withdrawals is an issue that every Crypto Assets investor should take seriously. I will share some personal experiences and advice, hoping to help everyone avoid potential risks. For example, I once had a bank card frozen for years due to involvement in Crypto Assets transactions, and I still cannot use it normally. Fortunately, I was able to transfer my funds out in time, avoiding greater losses. This experience highlights the importance of caution when handling Crypto Assets related funds. I will explain in detail how to safely convert Crypto Assets to fiat currency and how to reduce the risk of bank accounts being frozen. At the same time, I will share some strategies for choosing reliable trading platforms and managing multiple bank accounts. Given the importance and complexity of this topic, I sincerely invite all friends who are interested to attend tonight's live broadcast on time. Let's discuss how to enjoy the investment opportunities in Crypto Assets while ensuring the security of funds and compliance operations.

The crypto assets market is likely to experience significant fluctuations tonight. The U.S. Department of Labor will release the latest initial jobless claims data at 8:30 PM, which may have a major impact on the Fed's interest rate decision in September, subsequently affecting the entire crypto assets market trend. Currently, the market generally expects the possibility of a rate cut by the Fed to be as high as 87.2%. However, whether this expectation can come true largely depends on the upcoming employment data. If the data shows a weak job market that exceeds expectations, it may increase the pressure on the Fed to cut interest rates. In this case, the US dollar may depreciate, liquidity will increase, which is expected to boost the Crypto Assets market. On the contrary, if the employment data performs strongly, it may lead the Fed to delay its interest rate cut decision. This will strengthen the dollar and cause funds to flow out of the crypto market, likely triggering a decline in digital currency prices. It is worth noting that tonight's data release is just the prologue. The real key moments will be at the Fed's Federal Open Market Committee (FOMC) meetings on September 17 and October 29. If tonight's data confirms the expectation of interest rate cuts, a so-called "rate cut bull market" may occur in September; otherwise, the market may fall into repeated fluctuations. Regardless, the cryptocurrency market is bound to be restless tonight. Bitcoin may test key support levels, while other cryptocurrencies may also experience fluctuations. Market participants should closely monitor developments and be prepared to respond to market fluctuations. At this moment filled with uncertainty, investors need to remain calm, closely monitor market trends, and manage risks rationally. The future market trends will largely depend on the Fed's policy orientation, which is closely related to economic data. Let's wait and see how tonight's data will affect this ever-changing Crypto Assets world.