Once again escaping the peak in a bull market, reaching a temporary top, there will be another drop this week, all has been realized, perhaps the market will genuinely reach its peak?

When the market is unanimously bullish, why do you turn around and do the opposite?

News: Trump continues to implement favorable policies, countries, institutions/companies, and retail investors are frantically entering the market to buy, continuously accumulating.

When the interest rate cut in September arrives, it will undoubtedly raise the overall market's greed level. Trump has repeatedly criticized 'Mr. Too Late,' and the CPI falling short of expectations led to rumors of a 50 basis point rate cut, which later U.S. officials explained as false.

On August 14th, Bitcoin and Ethereum took turns hitting new highs, then each faced pressure and fell back, and Yingjie mentioned that the big players were secretly offloading. At this time, the market performance was clearly different from other bull market situations.

In the evening, stimulated by the dual negative impacts of PPI and initial jobless claims, Bitcoin experienced a significant plunge, and on Friday, it continued to drop. Yingjie began to emphasize a temporary peak, with another drop expected next week.

The weekend even provided the highest point for the drop, and today, Monday, it has broken down in one direction, everything is proceeding as expected. In the future, there may be a rebound supported by the expectations of a September rate cut, but the strength will not be significant.

As long as Bitcoin has not stabilized above the 118,000 mark, the tendency remains bearish. If it cannot recover the 116,000 mark in the short term, Bitcoin may test the 112,000 mark once again. The upcoming trend is to be primarily bearish with some bullish support. $BTC