August 28/The Crypto Storm is a bloodbath
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On August 28, Bitcoin fell back to the lowest point of 57,900, and there was a big difference between the support level of yesterday's Cognitive Society article
I thought 60,000 was another rebound, but the market control was awesome, and it fell back to 57,900.
The price that had rebounded to 57,700 fell back to where it was, which only means that the market is re-oscillating and the market's bullish confidence has been extinguished again.
There is a high probability of a rate cut in September. The biggest short-term impact on Bitcoin is Nvidia's financial report. This is Bitcoin in the United States, Bitcoin in the U.S. stock market. Various data in the United States have a direct impact on Bitcoin, and there are huge price fluctuations. This is called pricing power.