Last night, the US CPI was released, and the data was relatively bearish, but the market had already preemptively avoided risks, especially in the crypto market, which had already declined earlier this week to avoid risks, so there is no major negative news. The trend last night demonstrated the issue: ignoring news impacts, and currently, there is still a high probability that there will be no interest rate hike in September.


Bitcoin's first phase is basically over for now; the good news is that it broke through 26,450, so there is a possibility of forming a bottom, which means continuing to build a large-scale range around 24,800.
In the short term, it is still volatile; after the fluctuation, there is a chance to push higher next week. The key level is 28,143; if it cannot break through, then it doesn't look good, and we can say that the rebound's height determines everything.
If it remains sluggish, then honestly, this bottom is unstable. So, after the fluctuation, we will see next week's high.
Other concepts are all average; currently, there won't be any big moves. For the future market, everyone can rebound, but how they perform is hard to say because the expectations issue cannot be temporarily resolved, so the overall likelihood of a coordinated rebound is higher.
There is still a chance for a rebound in the short term. $BTC
BTC-2.13%
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