This week, we will continue to pay attention to the actual selling of Mentougou. If it can be put into the market slowly and orderly, the current rebound is expected to be maintained. Another positive factor that may maintain the rebound is that the consensus on interest rate cuts is further strengthened after the release of the US CPI data in June, which is conducive to the inflow of external funds into the crypto market.

There are two positive factors next week. ETH ETF may be launched and Trump will attend the BTC conference to speak.

The current risk is mainly to look at Mentougou. Mentougou has 140,000 BTC, which will be gradually distributed over time. Every large transfer in the wallet will bring a small panic to BTC.