I have to say that yesterday, the U.S. stock market did indeed not continue to decline after the suspension, but instead rebounded. Currently, the highest point of Bitcoin has reached 56,500, with a rebound potential of nearly 7,000 points. The recent volatility has already reached nearly 10,000 points. I have to say that the recent trend is outrageous, with huge profits accompanied by equally huge risks. When making recent transactions, it's best to be defensive, as the market easily fluctuates by five to six thousand points downward and upward. It's unbearable for anyone.

At present, the technical factors determining the trend are very few, mainly driven by market sentiment and the impact of external news. In the current extremely panicked market situation, Zijun believes that it might be worthwhile to think in reverse and buy when blood is flowing. The chips being held are all bloodstained. Currently, the clearing chart has already dominated the market. The next step, the Fed's interest rate cut, is definitely inevitable and will definitely be implemented in September, with predictable results. Currently, the layout is focused on the north, and as long as you can hold on, there will definitely be results.

Bitcoin trading recommendation: Buy at 53,800, focusing on the north

Target: 60,000

There is a downward trend on a small scale.

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