There is still a possibility of a correction in the market.
Negative factors still exist:
The selling pressure of BTC in Mentougou continues, and the conflict between Iran and Israel continues.
After 7 o'clock in the morning, the Mentougou wallet address transferred another 0.0199 BTC.
This is a transfer test before large-scale transfer.
Mentougou still has about 50,000 BTC waiting to be released in batches.
There are two major events this week:
US August PMI at 21:45 on Thursday
Powell's speech at 22:00 on Friday
The general trend is definitely to rise, and there will be shocks and twists in the middle.
It will take at least 1-2 weeks to digest the selling pressure of Mentougou tokens.
Mentougou has been running for 10 years. Once this big thunder is lifted, it will be a big boon to the currency circle.
In addition, the Federal Reserve's interest rate cut is coming, and the first interest rate cut may be in September.
Don't chase the rise if it rises to more than 60,000, learn to buy low.
