Bitcoin has fallen below the recent volatility, facing the choice of bottom-fishing or waiting. According to the latest news, the market's fear and greed index has fallen to the lowest point since 2023, and the sale of seized Bitcoin by the German and US governments has led to increased selling pressure in the market. Rachel Lin pointed out that the selling pressure is difficult to ease in the short term, and a large-scale sell-off is expected. Markus Thielen believes that August and September are challenging months for Bitcoin, but if the Federal Reserve cuts interest rates in September, Bitcoin may rebound. According to analysis, several support levels for Bitcoin at present are electricity cost $30,000 (shutdown price)

Black swan support $48,000 (shutdown price * 160%)

Cost support $52,000

Bear market support $60,000 Continue to bottom-fish or wait

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