Matrixport: Strengthen the view of a potential interest rate cut in September, recent market trends may still remain in consolidation.

BlockBeats news, on August 8, Matrixport released a weekly research report stating that the market has recently entered an adjustment phase, with Bitcoin momentum weakening and both liquidity and trading heat cooling down. Trading volume has shrunk, and funding rates have remained low, leading to a loosening market structure. Meanwhile, seasonal disturbances in August combined with external uncertainties have led to a noticeably cautious short-term sentiment. From a technical standpoint, the $112,000 level played a supporting role during the initial pullback of this round, but the subsequent rebound was weak, indicating that this support level may face another test. If this level is breached, the $106,000 range may once again become the market's focus. The premise for a true bearish scenario is a continued weakening of the U.S. economy, while the Fed fails to initiate interest rate cuts in a timely manner. Current market phenomena further reinforce the view that "September may see interest rate cuts." However, as the Fed has not yet released clear signals, the market may continue to maintain a wait-and-see approach, entering a consolidation period. Even if corporate overall profit data generally exceeds expectations, market trends may still remain in consolidation, as most favorable information has been digested in advance, and investors are waiting for new catalysts to drive the market. In the very short term, the oversold KDJ may suggest the possibility of a technical rebound, but we remain skeptical about its sustainability, leaning towards the view that prices will continue to trend sideways. The core issue facing Bitcoin currently is whether the repricing of U.S. economic growth expectations will trigger a rebound in actual volatility. As volatility continues to decline, the net asset values (NAV) of some publicly traded companies holding large amounts of Bitcoin are shrinking, weakening their ability to raise funds by issuing new shares and further increasing their Bitcoin holdings. Although these companies have recently frequently become the focus of the market, we have repeatedly pointed out in previous reports that the key factor truly suppressing this round of the market comes from the ongoing selling pressure of early investors. Three weeks ago, we proposed the judgment of "tactical adjustment," and we still recommend maintaining patience, waiting for clear bottom signals to emerge or for market momentum to recover. In Bitcoin trading, if you don't sell at the high, you cannot reposition at the low.