The price of Bitcoin has been trading in a tight range since the weekend, and the maximum concentration of Bitcoin bid liquidity is now below the lower lows previously set at the bottom of the range, but I would expect that before any downside moves. There will be similar rebounds from current spot levels. From a macro perspective, I did predict that the price would eventually fall a few days ago, and it would be difficult to see a stronger rebound in September, but the existing shorts have not yet fully gained the upper hand.

Because at this stage, I don't see either side building any real strength, and in fact, this move doesn't suggest to me that the bearish momentum is strong, but rather that the bullish momentum and sentiment seems to be fading. This is caused by low market liquidity. Once there is considerable market entry, a rebound will follow to mobilize market enthusiasm. This is a scene that whale accounts are happy to create. $BTC