The sharp drop on August 5 was actually a rapid correction before the start of the bull market, mainly to clean up two types of people: one is those bulls with high leverage, and the other is those retail investors with weak will, forcing them to hand over their chips. From August 6 to yesterday, the main funds have absorbed billions of funds, and real money is used to buy Bitcoin. If the market will fall sharply after the interest rate cut in September, then Bitcoin's $73,000 is the top of this year, so what is the meaning of the wash for several months?
There is still hope for another wave of market growth in the second half of this year. It is not impossible to touch $100,000. If it doesn't work, there is also a chance to go to the range of $86,000-90,000. As for the positive impact of the interest rate cut turning into negative impact, there is no need to over-interpret this, and the market will not react so quickly. It takes time for the adjustment of monetary policy to be reflected by the market. At least until the election is over, the real reaction of the market will be revealed.
