BTC Market Analysis and RecommendationsBitcoin / U.S. dollarBITSTAMP:BTCUSDJulesWoodBitcoin is testing a key support area. The 100-day exponential moving average and the Fibonacci retracement levels form overlapping support. If this support area holds, it could pave the way for a price rebound. The Federal Reserve has begun a cycle of interest rate cuts, announcing a 25 basis point rate cut in September. If this synergizes with the subsequent release of liquidity, it will provide positive momentum for risky assets like Bitcoin. Trading Recommendations: As Bitcoin prices approach key support levels, short-term investors should closely monitor the effectiveness of these levels. If prices stabilize near support and show signs of a rebound, consider buying with a small position. If support levels are only partially broken, remain on the sidelines or short with a small position. In the long term, Bitcoin has growth potential. Long-term investors may consider building positions in batches or investing regularly to avoid the volatility associated with a single purchase. For investors currently holding short positions or unsure how to trade, please like and follow my channel. I will provide exclusive trading services for members.