The Bitcoin market is currently facing multiple challenges, and investors need to closely follow its trends. First, Mt.Gxx creditors have finally received the long-awaited compensation, with approximately $14.2 billion worth of Bitcoin set to enter the market, which may trigger large-scale profit-taking. Secondly, the U.S. is about to announce the latest CPI data, and this key economic indicator may influence the Fed's monetary policy decisions, which in turn could affect the direction of the entire financial market, including Crypto Assets.



From a technical perspective, the price of Bitcoin hovers around the $60,000 mark, and the gain or loss of this psychological barrier will have a significant impact on the short-term trend. If the price breaks below the support range of $58,000 to $59,000, it could trigger a larger-scale sell-off, potentially even dipping down to around $53,000.

In the next week or two, the downward risks facing the market have significantly increased. The release pressure of Mt.Gxx Bitcoin, along with the macroeconomic fluctuations that CPI data may trigger, has made market sentiment exceptionally sensitive. In this case, the price range of $58,000 to $60,000 becomes particularly important; if this range cannot be maintained, the market may accelerate its decline.

Considering the current market uncertainty, investors should maintain a cautious attitude and strictly control risks. It is recommended to adopt a wait-and-see strategy before key events settle and market sentiment stabilizes, reducing unnecessary trading operations. The market fluctuations during this period may bring new opportunities for the future, but they also contain great risks, requiring investors to remain vigilant and be well prepared.
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BlockchainBardvip
· 08-10 23:03
It's just Large Investors dumping. Holding steady is winning.
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MidnightSnapHuntervip
· 08-10 15:50
The bear market alarm is about to ring.
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LayerZeroEnjoyervip
· 08-10 15:49
It's good that the position increase wasn't too much.
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TokenUnlockervip
· 08-10 15:38
It's showdown time, and I'm going to buy the dip.
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TokenVelocityvip
· 08-10 15:37
Buying the dip is going to cause losses again.
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InfraVibesvip
· 08-10 15:32
Cut Loss escaped, who can withstand it?
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