After each market wave, successful individuals reap joy, profits, and experience, while the unsuccessful ones gain sorrow, losses, and lessons. The same market, the same time, but different results. With the right direction, the distance doesn't matter. Use time to witness strength, use strength to win the future, let trust become profit, and use profit to dispel doubts!

Narrowing of the US Treasury yield curve inversion: Last week, the yield spread between the two-year and ten-year Treasury bonds narrowed by 20 basis points, the largest decrease since the banking crisis in March 2008. This was mainly due to the faster rise in long-term interest rates, with the ten-year Treasury bond yield rising by 8 basis points to 4.03% this week. After the release of the July employment data, the yield briefly rose to 4.20% in early trading, only 2 basis points below the peak on October 21 last year, which was the highest yield level since June 2008.

At the same time, the two-year Treasury bond yield fell by 11 basis points to a near three-week low of 4.77%. The market's expectation of a 25 basis point rate hike at the Fed's meeting on September 20 has decreased from 19% to 13%. Bond yields have risen in the long term and fallen in the short term, accompanied by a decline in rate hike expectations, a trend that has been very rare over the past two years.

Yesterday, Ethereum broke through 1800, reaching a low of 1798, but did not continue. It then rebounded to around 1830. In fact, the market is still oscillating and has not shown a completely one-sided situation. Grasp the position well, and oscillate up and down.

From a technical analysis perspective, the Bollinger Bands on the hourly chart show an expansion, with the price once piercing through the lower band under pressure. However, instead of continuing downward, it rebounded, and the price is now oscillating above the middle band. This indicates that the strong support at 28800 below is relatively strong. The overall intraday trend is relatively slow, with no continuation in either direction. It is expected to see a slight retracement intraday and continue to oscillate.

Ethereum recommendation: Short at 1850, target 1780
Bitcoin recommendation: Short at 29500, target 28400

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