First of all, let me briefly explain yesterday's analysis of the previous medium and long term. Bitcoin did not linger around 60000-62500 and directly fell below 56550, and Ethereum also stepped back to 2810.
Because this trend is faster than expected, we still need to pay attention to this week or the time of the following points. It is expected that the market will continue to see new lows. The view remains unchanged. I personally believe that due to the demand for shock structure, the weekly low will definitely appear!
Last night's CPI data was released in line with expectations, and the market was boiling for a short time. At present, the market generally believes that there is a high probability of a rate cut in September. Judging from the recent mouthpiece Nick and Wall Street's reaction, the probability of a rate cut in September is also increasing.
At present, the German government has only 9,094 $BTC (worth $520 million), which is about 18% of the initial holdings.
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At this rate, they are expected to clear all BTC in the next 1-2 days.
