$BTC The market sentiment has slightly rebounded. The pric

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Bearish

$BTC The market sentiment has slightly rebounded. The price of Bitcoin has reached a high of 58,100
The price of ETH has reached a high of 2,380, and the price of SOL has reached 137.
I have mentioned in the previous post that from the fluctuation of the daily line, there will be a small rebound in the short term of 1-3 days, but the strength of this rebound is very weak and it is difficult to break through the pressure level of 60,000.
Then there will be a deeper decline. Everyone cherish it.
The Federal Reserve will release the CPI data for August on Wednesday and the PPI data on Thursday. These are data that can directly drive market sentiment, and we are excited to look forward to them.

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黄粱一梦

$BTC

The price of Bitcoin fell from 57,000 at the beginning of the week to 54,000 now, a drop of about 4.6%. The price of Ethereum fell from 2,400 to around 2,300, a drop of about 4.2%. What about the market sentiment?

The Fear and Greed Index has dropped from more than 40 last week to more than 20 now, from the panic to the very panic range.

Looks pretty miserable, right?
This week may be even worse!

First of all, September is a disaster month, which has been repeatedly self-reinforced by investors and is bound to happen.
Secondly, all the data last week pointed to unsatisfactory, and everyone fell into the worry that the US economy would fall into a book recession again. This worry may ferment further!

Finally, the possibility of the release of CPI data this week and the negative impact of the interest rate cut next week.

So, with a high probability, this week will still be a week of decline.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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