A sharp drop at the beginning of the month is a habit and a good thing. A rebound at the end of the month is good.
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The lowest point of Bitcoin on August 1st, 63,000, is far from the support level in yesterday's article.
The bloodbath at the beginning of the month is here again, indicating that the rebound at the end of the month still does not meet the requirements for stabilization.
Every time Grayscale withdraws ether from the exchange, there is a sharp drop. Everyone in the market is paying attention to Grayscale, and everyone knows that Grayscale's 2.9 million ethers are to be sold. Therefore, Cognition Society repeatedly reminds Grayscale to speed up the sale. It is ideal to sell most of the selling pressure by the end of August. If you sell slowly, you may have to wait one more month until September.