0813 Market bets on a rate cut in September heating up, which may open a new round of pump.

0813 Bitcoin Market Report✅ ✅

Bitcoin price provided a moderately bullish background after the CPI was announced, showing a trend of consolidation and stabilization followed by a rebound on the day. The return to 120,000 USD indicates that bulls have regained confidence at this level, with a 24-hour trading volume reaching 65 billion USD, suggesting sufficient upward momentum with both volume and price rising.

Due to the CPI being lower than market expectations, this is a positive factor for risk assets, as the cooling of inflation strengthens the rationale for monetary easing. A lower interest rate environment will reduce the cost of holding Bitcoin, thereby attracting new funds to enter; expectations for a rate cut in September have soared to 93.3%, with traders betting on a price increase that month. Attention should also be paid to this week's PPI and core PPI; if this data comes in below expectations, it will once again help confirm a macro bullish environment for Bitcoin, further boosting rate cut expectations and market confidence. Technically, the bullish flag pattern on the daily chart is poised for an upward breakout; the current pullback may be a retest confirming support, after which an upward trend is expected, targeting $130,000. If it stands above $121,000 with volume, it could trigger an attack towards $122,500, or if the daily closes at $119,500, that would also be a relatively positive signal. Conversely, if it fails to hold above $120,000 effectively, it may face downward pressure in the short term, needing to retest the validity of the $118,000 support, while also filling the CME gap formed over the weekend ($117,500). If this position does not rebound quickly and is lost, it may trigger panic selling.

👉 👉 Trading Opportunities: 1. If it breaks through $119,500 and holds, you can go long with a target of $122,500; 2. If the price stabilizes at $120,000 and breaks through $120,800, you can enter a light long position with a target of $121,800-$122,500; 3. If the price drops below $118,000, consider shorting near $119,000 on the rebound, with a target of $117,500 and a stop loss set around $119,800.

Special reminder: This article is for readers' reference only and should not be used as an investment basis!!!

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