Important News from Last Night and This Morning (September 3 - September 4)

Data: Fomo daily revenue hits a record high of $1.21 million As the momentum of memecoins continues to accelerate, Fomo's daily revenue reached a historic high of $1.21 million on September 1. Analyst: Bitcoin forming a descending wedge on the daily chart, market expected to maintain range-bound movement Analyst Killa stated in a post that Bitcoin is forming a descending wedge on the daily chart, and his plan remains unchanged. The market is expected to maintain range-bound movement. Even if this pattern is broken, caution is advised against potential false breakouts, as the market has not yet experienced a sufficiently long period of consolidation. Approximately 80% of the market's time is spent in range-bound movement, with 20% in trending or corrective phases. Given the strong rally the market experienced earlier, it is more likely to enter a range-bound phase now. Therefore, avoid blindly chasing upward momentum unless the market proves otherwise; the market is expected to maintain range-bound movement. Digital Currency Network