According to Odaily Planet Daily, Matrixport released a weekly report on the X platform saying that the United States will release inflation data next week, and Bitcoin may recover. Bitcoin is currently in an oversold state, which is often accompanied by a rebound in history. If inflation falls below 3%, the market may respond positively. Risk assets are still greatly affected by macroeconomic factors, especially concerns about economic growth and the job market. Trading volume and liquidity are expected to decline in August, which may lead to lower returns. Monday's 18% plunge confirmed expectations of weak markets. Circle stablecoin funds outflowed last week, and funds inflow this week may be a sign of bottom fishing. The relative strength index (RSI) is below 30%, which may provide buying opportunities, similar to the situation in June 2024. In the Bitcoin bull market, although consolidation may occur, it is rare for the RSI to be below 30%.