I still think that the Fed will start a rate cut cycle in September.
At the same time, the crypto circle may usher in a good rebound.
After the decline on August 5, BTC still did not give a second test after the shock repair. So you have to be careful about shorting here. If it breaks through 62,500 above, the trend will reverse.
After all, there are more than $9 billion of shorts waiting to be liquidated at 68k above, and this data is still increasing over time.
It is completely believed that the main force will extract short liquidity upwards after sorting out.
