The negative impact of non-agricultural data has reduced expectations for a rate cut in September. The trading market is speculating on expectations rather than on implementation, so an appropriate correction is normal. This was also the case when Bitcoin broke through 60,000 to 56,000 in early May. First, pierce the high-level long leverage to make retail investors afraid to get on the bus, and then start the bus. This is the way for institutions to make the highest profit.
From the numerical point of view, Bitcoin is still 69,000+, and the retracement is not large, but many people will feel pain, because many retail investors dare not enter the market at low levels, and chase high prices with high leverage, and many of them are liquidated without losses. In fact, this round is We need to clean these up
From the current morphology, there are two key positions. If they are not broken, the market will still be there. If they are broken, there may be a sharp retracement. The first is the rising trend line. If it falls below, it will recover quickly and start to repair. If it stabilizes, there will be no problem. Focus on the CPI next Tuesday
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