8.1 Coinbase with Collapse Circle Coinbase's Q2 report fell short of expectations, with a post market drop of 8% 2. BTC fell below 116500 for the first time yesterday but could not recover, which is a very dangerous signal for the short-term market. It means that the long short balance of more than ten days of consolidation has been broken and will tend towards a bearish trend. If BTC cannot return to 118000, it will experience a deeper pullback 3. ETH's medium to long term trend remains healthy, and it will also follow BTC's correction in the short term