Even if BTC rebounds and fluctuates in the short term, it cannot change the downward trend at the weekly level.
Starting this week, BTC is likely to continue its downward oscillation. Even if the Federal Reserve truly cuts interest rates on September 17, it will only bring about a short rebound, still unable to stop the larger downward trend.
Looking at the recent fund flows of ETF institutions: there isn't much buying, and the selling isn't too much either. When the day comes that ETF institutions have a net outflow exceeding $1 billion in one day, that may be the true bottom for BTC. Extreme conditions must reverse!
Starting this week, BTC is likely to continue its downward oscillation. Even if the Federal Reserve truly cuts interest rates on September 17, it will only bring about a short rebound, still unable to stop the larger downward trend.
Looking at the recent fund flows of ETF institutions: there isn't much buying, and the selling isn't too much either. When the day comes that ETF institutions have a net outflow exceeding $1 billion in one day, that may be the true bottom for BTC. Extreme conditions must reverse!
