BTC plummeted by $4,000 after touching the 70,000 mark. After yesterday's one-day correction, the rebound was too small or even no rebound. Perhaps the dog dealer is waiting for the Fed meeting at 2 o'clock tonight. It is a foregone conclusion that it will remain unchanged. The important speech of Powell is related to whether the interest rate can be cut in September. We must pay close attention to it.

If a sharp rebound occurs, we must take advantage of the good news to sell, because the US government and Mentougou are still waiting to sell. As for the time to buy the bottom, wait a little longer, at least until the two goods are almost sold.

Back to today's market analysis, from the K-line, the 1-hour level is about to enter a downward trend, the 4-hour level has not yet walked out of the downward trend, and the 12-hour and daily levels are still in a downward trend. The intraday pressure level is 67,500 and the support level is 64,500.