8.13 Market Analysis
Good morning, brothers. The Bitcoin chart showed an upper shadow line the day before yesterday, which has now been confirmed as a method of shaking out weak hands. Last night's CPI data was very favorable, further increasing the probability of an interest rate cut in September, which can be considered a done deal. The overall macro environment is very good. The technical analysis also confirms that we should continue to rise. Just look at the daily candlestick chart from this morning; it shows that yesterday did not continue to drop but instead filled the shadow line from the day before.
Bitcoin is expected to test the historical high of 123,200 in the coming days. If it breaks through, it will head straight for 130,000 USD. Additionally, the SOL we mentioned has already taken off, and the DOGE we called out last night is also in a profit state. Hold on patiently and avoid frequent trading. Wait for the next surge!
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