10x Research: The Bitcoin rally has completely reversed, with significant risks emerging as September approaches

ChainCatcher message, 10x Research released a report stating that the rebound in Bitcoin prices is tactical, and $65,000 is crucial for realizing profits. As expected, the FOMC meeting minutes and Powell's dovish stance drove the rise in Bitcoin, and a short squeeze may push Bitcoin higher.

However, despite predicting that Bitcoin would rise by 10%, these gains have now completely reversed, and significant risks are emerging as September approaches.