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$BTC has been consolidating sideways for a long time, seemingly unable to fall, but in reality, risks are continuously accumulating.
US non-farm payroll data exceeded expectations, significantly raising the market's probability of a Fed rate hike in September. Once the policy meeting releases a hawkish signal, US Treasury yields will rise, the dollar will strengthen and Bitcoin, as a risk asset, will come under direct pressure.#HammackBacksHike #BTCGoldRatioHigh #OKXOutcomeLeagueFOMC
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