Last night, the CPI data was released, which was in line with expectations. The market was in a short-term uproar. At present, the market generally believes that there is a high probability of a rate cut in September. Judging from the recent reaction of Nick, the mouthpiece, and Wall Street, the rate cut in September is stable!

Bitcoin pulled up after the CPI was released last night, reaching a high of around 59,700, and then continued to fluctuate and retreat with the decline of the US market and US stocks. The current market is still in the stage of repeatedly verifying the bottom support, so patience is needed.

Will Bitcoin fall again? Many people have asked about this in the past two days. I think the support near 53,000 of Bitcoin has been effectively supported twice, and the probability of falling below this support is small, so as long as it does not fall below 53,000, the market will continue to fluctuate and adjust.

The 4-hour level continues to fluctuate and adjust, time for space, and space is the market consensus. When the consensus is reached, the market will turn around and go straight up.