The interest rate cut in September was as scheduled. The hope of issuing 3 billion USDT in seven days is getting stronger and stronger.
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The highest point of Bitcoin rebound on August 23 was 62,200, which coincides with the pressure point of 62,000 in the article of Cognitive Society yesterday.
No update on August 22
On August 21, Bitcoin fell back to the lowest point of 58,500, which perfectly matched the support level of 58,500 in the Cognition Society article yesterday.
On August 20, Bitcoin fell back to the lowest point of 57,700, which perfectly matched the support level of 57,700 in the Cognition Society article yesterday.
The short-term suppression of Bitcoin at 62,200 still exists, but the cottage industry that everyone is concerned about is slowly recovering. The most noteworthy thing is that USDT has increased by 3 billion US dollars in seven days. Cognition Society repeatedly reminds us that the rise and fall of the market fundamentally requires incremental funds, and the game of stock is never a solution. The real incremental funds will not come until the end of September after the National Day, because September in the United States is 9.19, and the market needs time to react, so the National Day is an ideal time for cottage industry.