The market trend in August has gradually become clear. At the beginning of the month, we predicted that the price of Bitcoin might fall back. At that time, the price was 66,500 points. We expect that the price may be lower than this level at the end of the month, so don't have too high expectations for the increase this month.

Looking forward to September, historical experience shows that the probability of an increase this month is relatively high. The reason is that there is usually an important measure of interest rate cuts in September, which is a positive signal for the market and may trigger a certain market heat. In addition, Bitcoin usually goes through a rising cycle of about 160 days after halving. It has been 125 days since the halving, and it is expected that there may be market fluctuations around the end of September.

However, these speculations are based on historical data, and the current market environment has changed. Spot ETFs for Bitcoin and Ethereum have been approved, and traditional funds are pouring into the market, making the market more rapid and unpredictable.

The above content is for reference only. Follow me for more market dynamics. $BTC