There are three major factors that determine that a true reversal will take time and will not come immediately:

(1) Mentougou released $2 billion worth of BTC three days ago, which will take at least two weeks to digest.

(2) The US government is also suspected of selling coins, transferring more than 10,000 BTC.

(3) Conflicts continue in the world, and the conflict between Iran and Israel is likely to continue to expand.

But the good news is right in front of us:

(1) There is a lot of stablecoin inflow in the exchange, which remains strong and has no signs of decline in the near future.

(2) Many big capitals are still buying at the bottom. For example, the day before yesterday, an institution Marathon Digital Holdings bought $249 million (4,144 bitcoins)

(3) The Federal Reserve is about to cut interest rates and release water.

Still the old conclusion:

The market may recover in late August to early September and begin to reverse the trend.

Just lie flat during this period, just lie flat for about half a month to one month, and the market may recover.