Recently, the price movement of Bitcoin has shown an interesting pattern. From historical data, we can observe several key price changes:

First, Bitcoin rose from $1382 to $2879, then fell back to $2437. After that, it went through a period of fluctuation, ultimately dropping to $2111.

Next, it rose again from $2111 to $3942, after a brief pullback, it oscillated around $3729, and eventually fell to $3352.

Subsequently, Bitcoin rose from 3352 dollars to 4797 dollars, but soon entered a downward channel, retracing to 4061 dollars.

The latest round of increases started at $4061, reaching a high of $4888. Currently, the market is at a critical decision point.

Looking ahead, investors and analysts are closely watching the key support level of $4661. There are two possible directions for the market: one is to break below the $4661 support level and continue to decline; the other is to hold above this level and potentially challenge the $5000 mark.

In the long run, if there is a rate cut in September, is it possible for Bitcoin to directly hit the high point of $5900? This question has sparked widespread discussion in the market. However, even if this high point is reached, there may be a significant correction afterwards.

Overall, the Bitcoin market is still full of uncertainty, and investors need to stay vigilant, closely monitoring market trends and changes in macroeconomic factors. How the future price movement will develop remains to be seen.