$BTC The European Central Bank's September rate cut is a foregone conclusion. The market is also fully pricing in the Fed's September rate cut. Even if the Fed insists on not moving in September, a rate cut this year is a must. The further back in time, the more favorable it is for the big cake.

The compensation of Mentougou may limit the upward momentum of the big cake in the short term, but the new upward trend has been established at the beginning of this week. The compensation event of Mentougou is just a small correction of the new upward trend and will not change the upward trend of the big trend.

Technically, the small Yin and Yang daily K-line after the big Yang line that reversed the downward trend of more than one month at the beginning of this week is a relay consolidation, and the upward trend at the beginning of the week will continue after the consolidation. Intraday trend, cloudy to sunny. Support below 62373; 60,000, upper resistance 66128; 67300.70,000, 72,000. Trading suggestion, adjustment is a chance to buy on dips.