Update on the situation in August: the range is quite wide.

- PCE just announced an increase.

- Mr. Trump applies an import tax on 08/01/2025 for 67 countries at 50%, this is the main reason for today's price drop.

BTC: returning to fill the small CME gap in the range (113,800-114,400) within this range, and the price bounced back technically at 114,301, reaching the Fibo retracement level (50%) from the peak at 123,xxx.

- Liquidated contracts reached: 530 million USD for long positions within 24 hours.

- Market sentiment dropped from the range (63-67) down to 57, falling into a neutral and cautious area on the greed-fear index.

- BTC recorded a capital outflow of 358 million USD.

- RSI (12) dropped to: 46

- EMA (7) and EMA (13) have become major resistance at 116,700 and 118,200, with the center line of the BB band as strong resistance, needing to break above to continue testing higher levels.

- Currently below EMA (7) - EMA (13), indicating a slowing upward trend and the risk of retesting supports in the coming days. (Around 112,200-113,700)