$BTC (1) Geopolitical conflicts have not yet reached their highest point. Iran could pull the trigger at any time, and Hezbollah in Lebanon continues to seek opportunities to push back against Israel. Yesterday Hamas appointed a new political leader, Zinwar, a man believed to be behind last year's attacks on Israel and a more dangerous figure than the late Haniyeh.

Therefore, as a risk asset, BTC will not rebound quickly, and will fall again when there is a major geopolitical conflict.

(2) Japan's interest rate hike has led to a reduction in BTC buying power. Borrowing at low interest rates in Japan and then buying high-yielding assets elsewhere, including BTC and cryptocurrencies, is a proven transaction.

But now that's not possible, resulting in less power for cryptocurrency buyers.

(3) Mentougou further action has not yet arrived, two weeks ago Mentougou began to transfer small BTC for testing,

Until now, it has not moved, the follow-up will move, and when the large-scale movement of BTC, BTC will fall a wave. So the trend hasn't reversed, it's just rebounding for now. We have to be prepared for BTC to fall below $53,000. Now's coping strategy: Don't put a corner at this time and wait for a correction. Wait 1-2 weeks until mid-to-late August.

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