Bull market return warning.
Bitcoin hit 60,000 for many times. It seems that the market is weak, but it is a strong signal of upward trend.
With the arrival of the interest rate cut, a bull market rally may form from the end of August to the end of September‼
This is not the first time I have told you about the market. According to the current market trend, I regard this plunge of Bitcoin from 70,000 to 48,000 as signal of a whipsaw for the bulls before the start of a huge bull market. It is a preparation for the subsequent bull market ‼
Bitcoin quickly bounced to 60,000 after falling below 54,000 for the two rounds of plunges . It can be considered that the market has clearly rejected the price below 54,000🩸
This round of Bitcoin plunged from 70,000 to 48,000. Therefore, almost all the bulls and altcoins in the market were liquidated, and the value of altcoins were decreased by more than half. Almost all the long positions of Bitcoin were liquidated, and the purpose of market manipulators to whipsaw the longs and bear trap were achieved. Therefore, the current trend is very suitable for a one-way market trend , with a strong upward trend.
In this round of Ethereum, we also saw that after the decline stopped, Ethereum stagnated. Bitcoin hit 60,000 , but Ethereum was very weak, moving back and forth below 2600. We clearly pointed out that this is a trend of whipsaw for the longs. I think it is a good opportunity to go long‼ #CPI_DATA #tonecoin #Ppi

ETH formed a reversal pattern within a trading day, creating a door-like shape on the chart‼ BTC breaks through and then falls below the 60,000 , and is about to fall again⁉
Don't panic. This is actually a bullish trend‼
On last weekend, Ethereum and Bitcoin both ushered in a relatively strong bounce, but the trading volume is too small to break through the key resisitance level, so Bitcoin fell below 60,000 in the morning on Monday, and Ethereum also fell , forming a door-like shape on the chart. This is actually a very standard market manipulation to whipsaw the bulls before a major upward trend. ETH fell to 2605 and bounced to 2640. If its movement is unfavorable for trading, it may retest the support band between 2480 and 2540 for the second time. If its market trend is favorable, it will continue to rise to 2700 after the door-like shape pattern. The current maximum floating profit of my buy orders is nearly 40,000u, but I still did not choose to close the position but continue to hold them.
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