Once again escaping the top in a bull run, reaching a temporary peak, there will be another fall this week, all realized, perhaps the market will truly reach its peak later?

When the market is unanimously inclined to go long, why do you turn around and go short?

News: Trump's favorable policies continue, with countries, institutions/enterprises, and retail investors frantically entering the market to buy, continuously accumulating.

When the interest rate cut winds blew in September, it undoubtedly raised the market's greed level continuously. Trump repeatedly lashed out at "Mr. Too Late," and the CPI falling short of expectations sparked rumors of a 50 basis point rate cut, which later U.S. officials explained twice as unfounded.

On August 14th, Bitcoin and Ethereum took turns hitting new highs, and then both faced pressure and retreated. Yingjie mentioned that the whales were secretly selling off, and at this time, the market trend was clearly different from other bull runs.

In the evening, under the dual negative stimulus of PPI and initial claims, Bitcoin experienced a significant plunge, continuing to fall on Friday. Even Yingjie has begun to emphasize a temporary peak, with another drop expected next week.

The weekend even reached the highest point, and today, on Monday, it has broken down in a one-sided manner, everything is proceeding as expected. In the later period, there may be a rebound supported by the expectation of interest rate cuts in September, but the strength will not be significant.

As long as Bitcoin has not stabilized above the 118,000 mark, the tendency remains bearish. If it cannot recover the 116,000 mark in the short term, the big coin may test the 112,000 mark once again. The upcoming trend will be mainly bullish with some support. #BTC#