Citigroup advises investors to buy on dips during the pullback before the US midterm elections

Citigroup has released a report recommending that investors continue to overstock their stocks and increase their positions in the event of a market downturn before the US midterm elections. Citigroup believes that the upward adjustment of profit expectations, improvement in liquidity conditions, and limited warning signals support the US stock market, and believes that sector rotation limits downward space.

TD Securities stated that Federal Reserve Chairman Kevin Walsh may release a moderate signal of stability at next week's Jackson Hole Economic Policy Symposium, and expects his speech to convey a gradual policy adjustment signal rather than implying a major policy shift.

Bitwise Chief Investment Officer Matt Hougan stated that blockchain performance has far exceeded the previous bull market, and the problem of on chain technology being unable to meet demand no longer exists. Jacob Creech, Vice President of Technology at Solana Foundation, pointed out that Solana has shortened slot time for the first time since going online, and the network has entered a phase of about 350 milliseconds, with plans to reduce it to 300 milliseconds.

Bitcoin hit $79400 during trading on Friday and then hovered around $78000. The US spot Bitcoin ETF recorded a net inflow of $606 million on Thursday. James Batterfield, head of research at CoinShares, stated that the current uptrend is driven by macro factors, and Bitcoin is highly sensitive to changes in liquidity expectations and actual returns. James Batterfield pointed out that $80000 is currently an important dividing line, and breaking it requires market confirmation that the Federal Reserve's monetary policy is shifting towards easing. Reported by CoinDesk.

Binance launches GWEI trading competition, offering a $200000 prize pool. Users need to click on join on the Binance App activity page to track trading volume. Only buying trading volume will be counted in the statistics. Eligible traders can unlock a 1.2-fold trading volume bonus and enjoy a 3.0-fold bonus on the first day of trading. （Binance Wallet）