After a brief rebound, Bitcoin continues to fall today and is currently near a key support area, with the possibility of continuing to fluctuate and test the bottom in the short term.

In another 30 minutes, the US core PCE data will be released, with expectations leaning bearish. However, the month-on-month data supports the expectation of a rate cut in September (September 17 rate decision), which may lead to increased short-term volatility — if the data is bearish, it may test the 108,000 USD support, and if the rate cut expectation is strengthened, it may trigger a rebound.

In the short term, it is highly likely that there will be a bearish consolidation over the next three days. If the support at 108,000 dollars is maintained, a rebound to the 113,000-114,000 range may occur.