The Bitcoin market has entered a phase of volatility and adjustment in the short term. The interest rate cut in September is approaching, and the real FOMO rally will continue to unfold in September.

Currently, at the 4-hour level, pay close attention to the position of 117000. If it effectively breaks below this level, it will re-validate the area around 112000. If it breaks below this level, the short-term market will be quite troublesome, so keep a close watch.