Strategy's Bitcoin Buyback Unlikely to Alter Long-Term Trend; BTC Faces Pressure Above $80K

Odaily News: Greeks.live posted on X that on September 1, if Strategy resumes buying Bitcoin, it will only provide short-term stimulus and is unlikely to change the long-term trend. After achieving floating profits, Strategy has more room to increase its holdings, but over a longer cycle, Bitcoin ETFs are still experiencing net outflows, making it difficult for Bitcoin to firmly hold above $80,000, with significant market selling pressure. Currently, no single participant in the Bitcoin market can manipulate or accurately predict the trend. On the macro front, the Federal Reserve's hawkish remarks and the escalation of the US-Iran conflict are further testing investor sentiment.

Additionally, Bitcoin's short-term volatility has declined rapidly, and a single bullish candlestick is insufficient to sustain a bull market. If it can rise back above $85,000 after a slight pullback, the market structure may improve; otherwise, arbitrageurs and sellers could bring significant selling pressure. Gamma exposure (GEX) is building up at the end of the month, and the market still needs further upward momentum to continue the trend.