Bitcoin's August market situation is facing two important branches, and investors are closely following its direction. The first possibility is that Bitcoin breaks through the previous high of $123, while the altcoin market may experience a brief pump. In this case, the market may preemptively digest expectations of a rate cut in September, after which the market may weaken. The other possibility is that Bitcoin remains relatively stable during August, not breaking through the $123 level, but waiting for the September rate cut policy to be implemented before breaking through the high, continuing to drive the market rise. Currently, the market seems to lack a clear direction, and investors are closely monitoring the key price level of $123, awaiting more explicit market signals. At this critical moment, it is particularly important to maintain patience and vigilance. Making investment decisions after the market direction becomes clear may be a wiser choice.