The market pulled back last night for several reasons:
(1) The tens of thousands of BTC released by Mentougou continued to bring selling pressure, so the price fell after rising to $65,000
(2) After rising for several days, profit-taking investors fled
(3) The expectation of interest rate cuts has been partially released
(4) Big funds are worried about the release of data on Friday and the rebound of inflation
Before the September interest rate meeting, three more important data will be released:
One PCE, one CPI, and one non-farm payrolls
This week's focus:
(1) Nvidia's financial report will be released on Wednesday. If it falls sharply, the AI sector in the cryptocurrency circle will also fall. Short sell when the opportunity arises
(2) PCE data will be released on Friday. If it is lower than expected, it will be positive, and higher than expected, it will be negative. BTC may fall
The tens of thousands of coins in Mentougou are under great selling pressure
It will still fluctuate for at least 2 weeks in September
And the remaining 30,000 to 40,000 BTC in Mentougou will continue to be released in September
Bitcoin is now in a situation where it cannot rise and fluctuate,
but there is no need to worry about a sharp drop
Israel and Iran will not fight, and peace talks are expected
The conflict between Russia and Ukraine will not be too serious in the near future.
The interest rate cut is imminent, and the long-term outlook is still bullish.
If it falls below 60,000, it will be pulled back quickly.
The market is up and down, don't chase the rise,
At the same time, just hold the coins in your hand and wait slowly.
