
Phyrex|Aug 17, 2025 17:34
Today's work is also not difficult. It is just like this on the weekend. It is good that the BTC amplitude is not very large when the liquidity is low, which means that the investor's mood is very stable, while the political aspect is still around the Russia-Ukraine conflict. On Monday, Trump will meet with Zerensky. Although Trump said that he has made a major breakthrough with Putin, as he said yesterday, the probability is still on the premise that Ukraine will cede land.
Today Bitcoin peaked at around $118500, but considering that next week, except for the Jackson Hole annual meeting on Friday, there will be no major events, and the center of the market is still the game between Trump and Powell, so I haven't closed many positions. Let's take a look. In fact, today is relatively safe and a little greedy.
Looking back at the data of Bitcoin, the low turnover rate is appalling, which is also the case during bear markets. This indicates that BTC investors have returned to the previously mentioned situation of reducing selling, which is helpful for the stability of BTC prices. Before the Jackson Hole Conference, I did not find any overly pessimistic situation.
Everything else is fine, the support is very stable, and there is no need to consider in the short term. In addition, the position of $117000 exceeds 750000, which seems okay for the time being. I still think that even if the market is forced to choose a direction, it will be after Friday.
This article is sponsored by Bitget | @ Bitgetzh
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