The liquidation range of around 62,000 mentioned in the last analysis fell all the way to around 58,500 after being triggered, and then the market rebounded again, with an overall upward trend. The support level we recommend is to enter the market below 59,500. If you strictly follow the plan, this wave of mid-term returns will be very considerable.

BTC's recent trading volume has increased by 40%, stabilizing at the 40 billion level. ETFs and other altcoins have also seen a significant increase in trading volume, indicating that market liquidity has rebounded and the supply of selling orders is gradually decreasing. I personally think that from today onwards, the wide range of fluctuations in September may be 61,000-72,000.

The macro-interest rate cut has basically been determined, and Powell has also It is said that the policy will be changed to cut interest rates and release water. The CME data shows that 25 basis points is 67%, and 50 basis points is 33%. It is highly likely that the interest rate will be cut at the September policy meeting (September 17). Before that, there are PCE on August 30 and non-farm on September 6, which are news that need to be paid attention to. In addition, there are ETF net inflows, weekly bull flag patterns, and the US election. All the positive factors are concentrated in the fourth quarter.

The market did not fluctuate much over the weekend, and it was almost a straight line. I will not write too much analysis. After a sharp rise, the market needs to be repaired. The support level can be focused on 63,000, and the breakthrough level can be focused on 64,400. The potential target and pressure level refer to 65,500-66,000