10X Research: Potential short squeeze has recently pushed bitcoin prices higher, and may be at risk in September

On August 28th, 10x Research said in its latest analysis that the recent bitcoin market rally was strategic, with $65,000 critical to paper profits. As expected, FOMC meeting notes and Powell's dovish stance fueled the bitcoin rally, with a potential short squeeze pushing up the bitcoin price. However, despite its forecast of a 10% gain, those gains have now been fully reversed, and as September approaches, significant risks are beginning to emerge.