Short side analysis: 1. BTC closed the weekly line last week in an engulfing state, indicating that the short side is still dominant. From the monthly and weekly trend lines, there is still room for decline. The target price range is 52,000-51,000 US dollars.

2. The consolidation since March has fallen below the golden section line of 0.382

Multiple side analysis: 1. There is still a relatively strong support price of 56,000 below BTC that has not fallen

2. From the news perspective, there is a positive expectation of interest rate cuts in September

3. The consolidation since March presents a descending wedge. This pattern often appears in the process of rising as a relay consolidation.