If the month-on-month inflation data in the United States continues to decline, and if Powell further releases interest rate cut signals at the Jackson Hole meeting in August, then BTC is expected to break through 60,000 and rise to 65,000 in the short term. Whether BTC can break through 100,000 in the future will depend on the extent of the Fed's monetary easing.
If inflation is lower than expected as mentioned above, and the Fed officials continue to emphasize the performance of August data, the probability of a sharp fluctuation in the data will increase greatly. In extreme cases, BTC will fall below $50,000.
