In the short term, I will be more cautious about BTC's long position (keep a little money and wait for an opportunity). First, look at the 7D liquidation near 52300, 58400 and 60000 to form a relatively concentrated short and long position liquidation. In the future, trends including CPI and interest rate cut expectations will bring the market up. Then this week, we may see the opposite trend. Liquidation of 52300 (do not rule out the needle filling 50% strategy to reach 51500) better cleans up long positions and clears obstacles for upward climbing. The current rounds of declines in high-quality altcoins have limited declines, and institutions have begun to build positions. The altcoin season may follow (although this is speculation, but be prepared for opportunities in advance). The weekly closing price in the morning was above the weekly EMA50 moving average (near 54000), which confirmed that the market was ready for the rise. However, we have to talk about the logic of institutional thinking. It is very likely that the institution will do another BTC bottom test here. The bottom test target is the liquidation hotspot of 52300. It is also very likely to complete the 50% needle filling of the 8.5-day line (near 51500). After completing these tests and collecting liquidity, the real rise will come. The best opportunity to complete this test will be around the announcement of the August CPI annual rate at 20:30 on Wednesday night. Is it clear? Thank you very much for your support. The above analysis does not constitute any suggestion for the contract.