Analysis of the flatbread market

1. Xiaodezi wallet transferred out 3846 BTC, which may be institutional deposits or over-the-counter transactions, which has been transferred at present, and the wallet has 0 BTC

2. Door head ditch also. There are 138,000 left, and the one to be returned is about 94,000+; Mentougou is different from Germany in that they understand cryptocurrencies; It mainly depends on whether they are concentrated or in batches, some communities believe that they will be released in 1-3 months, if they are finished in 1 month, 3133 will be shipped every day; It is 1566 per day at the end of 2 months; 1044 per day in 3 months;

3. There are still 210,000 BTC in the United States, and the current volume is very small, and about 40-100 BTC will be released each time, which will not cause large selling pressure

4. Last night's CPI data showed negative growth, which increased the expectation of a rate cut in September to 70-90%;

5. PCE and non-farm payrolls, and the Fed interest rate meeting at the end of the month will be followed up;

6. The miner's selling pressure is not clear

7. FTX has not been completely resolved, so there is no need to worry about the selling pressure for the time being

8. Good news can not effectively solve the problem of poor liquidity, and old players seem to be accustomed to looking at the ups and downs back and forth, as if they are: don't look at what you say, just look at how you do the mentality;

9. 9 BTC spot ETF fund institutions in United States have increased their holdings of more than 2,000 BTC, with a small increase in holdings;

10. Summary BTC price began to stabilize, indicating that traders' sentiment gradually stabilized, with Germany out of BTC, the weekend gradually returned to calm, the main force has not completely increased positions, the market liquidity is poor, everyone can easily rest and treat the market.

BTC has recently focused on around 5.7-58,000, the pressure level is 58500-59555, and the breakthrough and stabilization have a chance to rebound to around 60500-62300, and the daily short-term support is 57200 during the day, and the break is 55900-55400 range support.