#BTC
BTC Market Analysis:
After the adjustments over the weekend, Bitcoin has returned to the wedge channel. It’s time to re-evaluate, just pay attention to the key positions ahead!
In terms of trends: The short-term pressure position to watch is around 115500-116000, where the previous effective low has turned into the current pressure zone. For support, keep an eye on the previous low of 112k!
With the increasing probability of interest rate cuts in September, the rebound is becoming more intense. How significant of a rise can this sentiment drive?
