Liquidity is expected to recover appropriately, so today's #BTC chain turnover is still very low, which is normal. Yesterday, it was mentioned that if there is doubt about the view that American investors are the main force, you can observe today's trading volume. I think there should be no doubt now. Whenever American investors take a break, that day is the lowest range of liquidity, the trading volume will be less, and the price amplitude may be larger.
From the current data, the main investors who participated in the turnover in the last 24 hours are short-term loss-making investors, and the investors who bought the bottom in the last two days have the most meat cuts. This is actually related to purchasing power. During the holidays, as liquidity decreases, purchasing power also decreases, so the price depends more on the performance of US stocks after the opening. Entering September, I look forward to some surprises.
Since the current active investors are all short-term investors, the new bottoming position needs to be observed again. The $64,000 to $69,000 range is still very safe. Even though the exchange has withdrawn its chips, it has not caused panic among early investors (even if they are losing money), so there should be no change.
The key data this week is the employment data released one after another, especially the non-farm data on Friday, which may intensify the trading recession game, but it should not have an impact on the 25 basis point interest rate cut in September. The rest depends on the performance of the Bureau of Labor Statistics.