According to ChainCatcher, 10x Research released its latest report, pointing out that the recent rebound in Bitcoin prices is of tactical significance, and $65,000 is the key point to realize profits. The report analyzes that the FOMC meeting minutes and the dovish stance of Federal Reserve Chairman Powell are the main factors driving Bitcoin's rise, and short squeezes also contributed to this wave of gains.
However, although the report predicts that Bitcoin will rise by 10%, these gains have now completely reversed. As September approaches, the market faces significant risks and investors need to remain vigilant. The report reminds that market volatility has increased, and it is necessary to pay close attention to on-chain data and market dynamics in order to adjust investment strategies in a timely manner.