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10x Research: The potential short squeeze has recently pushed up the price of Bitcoin, which may face risks in September

10x Research: The potential short squeeze has recently pushed up the price of Bitcoin, which may face risks in September

Bitget2024/08/28 02:46

10x Research stated in its latest analysis that the recent Bitcoin market rebound is strategic, and $65,000 is crucial for book profits. As expected, the FOMC meeting minutes and Powell's dovish stance drove the bounce of Bitcoin, with a potential short squeeze pushing up Bitcoin prices. However, despite predicting a 10% increase, these gains have now been completely retraced. With September approaching, significant risks are beginning to emerge.

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