The crypto market is expected to recover, and Bitcoin is likely to break through 70,000 USD.

The Federal Reserve and the Treasury are taking measures to release more liquidity, which will drive the crypto market to regain upward momentum in September. According to the Treasury's plan, there will be a net issuance of over $300 billion in Treasury bonds by the end of the year, which will draw funds from the reverse repurchase program (RRP) to inject into the financial market.

As liquidity conditions improve, Bitcoin is expected to break through the $70,000 mark. Ethereum may also surpass $4,000, and Solana is likely to exceed $250. However, the real recovery of the altcoin market will still require Bitcoin and Ethereum to break through the aforementioned key price levels.

The U.S. election will be held in early November, and Treasury Secretary Yellen may reach a peak of liquidity manipulation in October. There won't be a better liquidity opportunity than this before the end of the year. However, there is still uncertainty regarding the election results, and investors may consider taking profits on some speculative positions before the election.

In the long term, the expectation of a Bitcoin price of 1 million dollars still holds. Once the U.S. debt ceiling issue is resolved, it is expected that more liquidity will flow into the market between January and February next year, triggering the start of a real bull market. In addition, China may also release fiscal stimulus next year, further promoting the prosperity of the global crypto market.

Overall, as the liquidity environment improves, the crypto market is expected to regain upward momentum in September, with Bitcoin likely to break through $70,000 soon. Investors can take advantage of the current market downturn to position themselves, preparing for the upcoming bull market.