Recently, the cryptocurrency market has experienced fluctuations, with the prices of Ethereum and Bitcoin both showing a downward trend. This trend is closely related to the dumping behavior of ETFs, and it may be difficult to see a strong rebound in the short term.

Interestingly, American investors generally expect a high likelihood of interest rate cuts in September, which theoretically should bring positive news to the market. However, the current market performance seems to contradict this expectation. This has led to some speculation: Are large institutions intentionally suppressing prices in order to buy at lower levels?

If the price of Bitcoin falls to around 1.12-1.13 million or 100,000 RMB, it may attract large investors to enter the market. Once this happens, the subsequent price is expected to rapidly rise to the range of 150,000 to 200,000.

Another possibility is that some investors are not optimistic about the expectation of interest rate cuts in September, and thus are withdrawing from the market in advance to avoid potential significant fall risks.

The upcoming Federal Reserve meeting will be a crucial moment. Whether the meeting results will release hawkish signals or suggest the possibility of rate cuts will directly impact the market direction. Investors are closely watching this meeting, hoping to unveil the answers to the current market mysteries.

In such a complex market environment, investors need to remain vigilant, closely monitor changes in various factors, and make informed investment decisions.