After BTC experienced a washout of 56,000-60,000 this week, the short-term pattern has changed. There are differences between the long and short sides in the short-term trend. What should we do when the negative and positive market are intertwined?

Here is an explanation of the negative side. The overall source is the instability of the US politics and economy. The news may face the risk of a hard landing. There are also several other factors:

1. Mentougou released 2 billion BTC, which will take some time to digest

2. The US government sells coins (no doubt here, entering the exchange means selling coins, there is no custody), and transfers more than 10,000 coins

3. There is still the possibility that war conflicts will be amplified, from geopolitical conflicts to world conflicts

The positive aspects cannot be ignored. I personally think that it will not go bearish. The market is more likely to start repairing in late August-early September and continue to reverse the trend. The reasons are as follows:

1. An An’s former CEO cz is about to be released

2. Now is the best time to speculate on interest rate cuts

3. ETFs are still strong and show no signs of decline. Once the summer downturn ends, greater transactions and liquidity will come

4. The market panic index is still at 25. Extreme bearish conditions are generally the best time to invest in spot stocks

5. Panic is slowly fading

We have talked about a process before, sideways in June, leverage clearance in July, gradually releasing positive news in August, and officially opening the market in September. The first two have been confirmed. The reason why I rarely update articles about the market in August is that I think it is because I can lie flat for a while to ensure that I can survive until the market is repaired and the trend rebound begins