In the latest analysis by 10x Research, Bitcoin has attempted a rebound recently but failed to break out of the triangle pattern. However, with the current shifts in US election odds and a slightly favorable risk appetite environment, Bitcoin may attempt to break out upward again. Although there are significant risks in the market that could lead to a pullback in late September, there is still potential for a rebound by year-end. Currently, all three reversal indicators show strong signs of a rebound, with momentum exceeding its moving average, which is considered a positive signal for improved market technical conditions. The possibility of Bitcoin rising to $65,000 still exists, but the key is to focus on the direction of the triangle breakout. In terms of risk management, vigilance is crucial. After the crash on August 5th, long positions in perpetual contracts have decreased, open interest in Ethereum has remained relatively stable, and small short positions in Bitcoin may have been closed, which could help drive prices up. From a positive perspective, derivative positions are no longer as excessively extended as they were in late July, reducing the risk of a pullback caused by excessive leverage.