Bitcoin is still playing the pattern of up and down, around 28,400, and now it's just a matter of whether it can hold above this consolidation. Here is a key point: 30,500, let's see if it can break through in the next few days. Otherwise, we can't rule out that the drop to 31,800 is just the first part, meaning the space will continue to fall back to complete the trend. If it can break through 30,500, then the situation will be more favorable for the bulls.

On other fronts, altcoins are still oscillating, with no significant market movement, so there's little to say. Currently, the attention to blockchain is not high, and overall in August, there’s no major news. As previously mentioned, if a leading altcoin emerges, great; if not, then we continue to wait for Bitcoin. So, whether it can break through 30,500 in the short term is still meaningful. It will influence the sentiment and confidence in altcoins. If it remains oscillating, then the entire market will continue to fluctuate within a small range.
Additionally, I remain optimistic about the medium and long term. The ETF situation currently has no result, and the market should continue to oscillate, waiting for the final outcome. The pullback or oscillation here is necessary for the mid-term; there’s no result yet, and this process must be endured. In the short term, there are probably still highs; let's keep watching whether it can break through 30,500. $BTC