$BTC
Only 9 days left until the end of August, looking at the overview, BTC has a new ATH of 124k, ETH approaching the peak of 4800, BTC's RSI is currently 72, there is a high possibility that there will be significant fluctuations in the US financial system in September-October this year. According to analysis, around mid-August, news of the US default was expected, but it seems to have been delayed! The fact that BTC has pulled up 4 consecutive green monthly candles has pushed the RSI up to 79, so it is clear that in September, BTC will accumulate, specifically at the end of this month on Friday next week the PCE will be announced, the possibility of inflation still lies within the FED's prediction, so the reaction is not too strong. The FED is still stuck without a clear direction. In fact, Mr. Trump is trying to shift the responsibility of this FUD onto Mr. Powell, as the FED's slow response historically caused a recession, tariffs pushed inflation higher, but the truth is that money is increasingly losing value! Whether it is the FED or any central bank, by any means, money will still lose value; there must be a trade-off! Indicators suggest that by the end of October, FUD might pull BTC down to a maximum of 87k (Binance has reported this already)! The opening of September may see BTC return to 118-120k!
Note: personal opinion, for reference only, not investment advice, disclaimer!
