I believe the market is betting on a rate cut in September, positioning itself in advance, so both the US stock market and the cryptocurrency market are likely to have a good performance. However, once the positive news in September materializes, there may be a wave of corrections. At the same time, given the severe overbought conditions on the daily chart, the possibility of a short-term correction is quite high.

But from a macro perspective, this sudden breakthrough is just the beginning. Although investors should expect that volatility will intensify during this period, as the bull market progresses, Bitcoin also has the potential to surge to even higher levels. $BTC $ETH

​