8.11 Caught a lot of people off guard 1. Yesterday's BTC drop caught many people off guard. They were piling in with the mindset that the bear market had bottomed out. HYPE retail wallets are fully bullish, and the long positions are getting crowded. 2. BTC has been consolidating for 1 month. Typically, consolidation doesn’t last more than 2 months. It’s still uncertain whether it will break upward or downward. 3. Gold has already entered a daily bullish trend, with a target around the 4760 level.