On August 28, 10x Research said in its latest analysis that the recent rebound in the Bitcoin market is strategic, and $65,000 is crucial to book profits. As expected, the FOMC meeting minutes and Powell's dovish stance drove the rebound in Bitcoin, and potential short squeezes pushed up Bitcoin prices. However, despite its predicted 10% increase, these gains have now been fully reversed, and major risks are beginning to emerge as September approaches.