What is the main reason for this round of decline?

Users who bought the bottom at $50,000 in early August took profits when the highest profit was 30%.

In addition, the selling pressure of more than 50,000 BTC in Mentougou continued to increase and continued to sell.

As the PCE data is about to be released on Friday, big funds should be careful of the data.

In addition, the selling pressure in Mentougou continued to increase and continued to sell.

How will the market go in the future?

If there is no other negative news,

BTC should be able to stay around $58,000-$59,000.

This price has been sideways for half a month with relatively strong support.

The probability of a sharp drop to $50,000 again is less than 20%.