Based on the current situation, what position will BTC drop to? My personal preliminary viewpoint has two aspects. Up until the Jackson Hole annual meeting on Friday, the market's expectations are more geared towards a reduction in the anticipation of interest rate cuts in September and an increased likelihood of an economic recession in the United States.

This situation also occurred at the beginning of August; the drop on August 2nd and 3rd was due to significant revisions in the non-farm payroll data, a substantial decrease in the labor force, and market expectations that the U.S. economy might enter a downturn, even prompting Trump to replace the head of the Bureau of Labor Statistics.

Previously, BTC dropped to a low of $111,900 and then began to rebound. During the rebound, there was no very clear positive news, but because August 2nd and 3rd were weekends, it was considered that potential liquidity reductions might weaken selling pressure.

Therefore, I personally feel that between $111,000 and $112,000 should be relatively stable, while the situation after the Jackson Hole annual meeting will depend on what Powell discusses and how the market interprets it. #加密市场回调 #Strategy增持比特币 #ETH质押退出动态观察 #山寨季何时到来？ #美联储取消创新活动监管计划 $BTC $ETH $SOL