The position of Bitcoin at $112,000 that was previously mentioned is almost here.

Starting Monday, the market enters a time to eliminate the bulls.
So it's been a week of consecutive kills, how is the multi-army doing?
Currently, we are approaching the second half, but it is not over yet. Technically, both Bitcoin and ETH do not look good, with the MACD daily chart showing a death cross and the Bollinger Bands opening downward.
On the macro front, the Federal Reserve released its hawkish stance on the 31st, and the expectation for a rate cut in September dropped below 50%. Previously, it was said that this rise might be due to the market's premature speculation and realization of the Fed's rate cut in September, but now the positive sentiment has almost turned negative. The market has risen so much; if there isn't a significant drop to shake out the weak hands, it would be a disservice to the reputation of the market makers.