First: The Bitcoin trading market is very lively, with prices fluctuating, and it is necessary to understand market forces. 💪
Second: Short-term factors such as technical failures affect the price of Bitcoin, but they are not decisive factors.
Third: Market sentiment determines the long-term trend of Bitcoin, and we need to be sensitive to changes.
Fourth: Policy factors are also an important reason for price fluctuations, such as my country’s regulation of Bitcoin.
Fifth: The Bitcoin market is full of opportunities and challenges. Investors need to remain vigilant and adjust their strategies flexibly. Are you ready?

On August 22, the Federal Reserve's July meeting minutes and the downward revision of US non-farm payrolls data consolidated market expectations of an upcoming interest rate cut. The US dollar hit a nearly 8-month low and then rebounded.

Swap markets are re-pricing a 100 basis point rate cut by the end of the year, but that looks unsustainable and the dollar is likely to recover, Swissquote analyst Ipek Ozkardeskaya said in a note.