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In August, Bitcoin ended with a big dump, will it be able to turn the tide as interest rate cuts approach in September?
The short-term Bitcoin continues to face pressure at the 110,000 mark, dipping to around 107,000 over the weekend, and then slowly rising to test again. Today, we continue to pay attention to the resistance around 110,000.
The posture is fierce in its fall, and of course, when it rises, it is unstoppable. It slowly rose from 4255 to around 4500, a surge of over 200 points. There's also a key point: at the weekend, institutions took the opportunity to switch positions and buy in. As I said, the gains and losses at the 4500 mark can serve as a watershed for this week's market.
Bitcoin: Above 10.95, look down near 10.7
Attitude: above 4530, looking down near 4400 #BTC#