The current decline may be a wash-out, waiting for the positive impact of the interest rate cut to materialize, and a V-shaped reversal can be expected. The more severe the decline, the greater the potential for rebound. If Ethereum (ETH) continues to fall and falls below the 2,000 mark, it will be an excellent time to buy the bottom. With the expectation of a rate cut in September, market speculation is inevitable, and the market this month is expected to be as exciting as a roller coaster.
The key lies in the test of the strong support of 50,000 points. A true break or a false break will determine the subsequent trend. If it is a true break, Bitcoin (BTC) may fall to the 45,300 area; a false break is the best, indicating that the conditions for a V-shaped reversal are ripe. In short, the market fluctuations this month will be extremely exciting and worth looking forward to.
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