In the early stages, Bitcoin was on a strong surge, but now it appears to be struggling. In contrast, other cryptocurrencies are reaching new highs consecutively. This week coincides with the end of the month, where the key point will see bulls and bears competing for the closing position.

This week, the division point for Bitcoin is at 113,000. If it falls below this level, there is a high probability of a weekly-level correction, where the larger the level, the more significant the amplitude. Proper position management is necessary to cope with unexpected actions from the main players.

The market is generally anticipating interest rate cuts. If they do not materialize as expected in September, a range of 10-995 may emerge. Although it is uncertain whether it will reach that level, if it does, one might consider a heavy position.

Today's Bitcoin rebound requires close attention to the 113,650 level: only if it stabilizes at this position and maintains for 1-2 hours will a 1-2 hour level rebound be initiated. The upper pressure levels to watch are around 114,600, 115,650, and 116,500.

If the rebound fails to hold above 113,650, it indicates that the momentum of this bottom rebound is insufficient. If it falls again later, the support levels to watch below are around 112,000, 110,550, and 109,000. #ETH创历史新高 #美联储降息预期 #比特币远古巨鲸持续出清