8.7 BTC is gearing up for a big move 1. BTC has been consolidating for 5 weeks now, with declining trading volume and weekly fluctuations of just around 5%. Moving averages are starting to converge, which is a precursor to major volatility. However, whether it will go up or down is uncertain. What’s certain is that $ETH will outperform $BTC. 2. Compared to BTC’s uncertainty, gold has already made a highly certain breakout. This is a bullish trend on the daily chart, and in the coming weeks, prices are expected to rebound to the 4700 range, with silver around the 80 range. 3. Tonight’s Non-Farm Payrolls (NFP) data and next week’s CPI are key indicators for whether there will be a rate hike in September. Intense market movements are inevitable.
