🚨 BITCOIN UPDATE

The Bitcoin movement is currently stuck in a state of confusion. There's fear in the market, which is contributing to the price action. Although Bitcoin seems inclined to go down, fear-driven buyers are keeping the price moving slowly upward.

The upcoming August PPI report will impact the course of Bitcoin, but the report on August 14 holds even greater significance. On that day, several key indicators will be released, including the CPI and Core CPI (MoM) for July, CPI (YoY), and crude oil inventories. As a result, we can expect significant market volatility next week, so caution is advised.

In summary:

1. Bitcoin is currently experiencing market confusion, driven by fear.

2. The August PPI report will influence Bitcoin's trajectory, but the August 14 reports are of greater importance.

3. Next week is likely to bring increased market volatility, making caution essential.

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