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8.4 Direction coming soon 1. This is the fifth week of BTC's narrow consolidation. After unifying chip costs, it now has the potential to initiate a trend. The good news is that ETH hasn’t broken downward. Whether it moves up or down, it’s likely to trigger a trend move of over $10K for BTC. 2. The upcoming Non-Farm Payrolls (NFP) and CPI data might act as catalysts for the market. These will determine whether there’s a rate hike in September. Currently, the probability of a hike is 56%. The greater the divergence, the more critical August’s data becomes.
