This article is excerpted from @Healing_Alchemist. I personally think some of the views are very good, so I share them with everyone to think about!
Now, the critical moment has arrived, and the direction of the US stock market is about to reverse!
Now is the possible peak point (as for why it is possible rather than certain, because the wave can only be verified after the fact, but the possibility can be judged in advance)
We all know that there is something called an interest rate cut in September. Many people interpret the interest rate cut as a good thing, but I don’t think so. To quote my friend @ttyuanli, interest rates will only be cut when the economy is bad. If the economy is bad, how can stocks rise?
At present, it is very likely that the negative news has been realized in advance, and the market has begun to respond to the interest rate cut. (I am not good at macroeconomics, if you have different opinions, please discuss with us)
Against the backdrop of the U.S. stock market peaking, BTC’s price behavior is interesting.
Some people think that BTC will be hyped as a safe-haven asset and continue to rise. I think so too, but I think it will only be limited to the next two months. It will continue to fall. And we may even see a big cake starting with 4.
This situation conflicts with my previous prediction, but also explains why $BTC has risen so rapidly recently:
Because the U.S. stock market has reached its peak, time is tight and the task is heavy, and there is not much time left for it to break new highs!
Therefore, in these days it will, with a high probability, continue to rise like a bulldozer with a small retracement ratio, and eventually break through the new high and perfect the overall pattern.
The trend is finally perfect!
Then let’s summarize the viewpoint again at the end of the analysis:
① The US stock market has peaked, and the level is very large. The correction time will be very long, and it is expected to be about half a year to a year. The room for correction will also be large, at least 20%.
②BTC lacks a breakthrough to the 7w4 new high. Combined with the S&P and Nasdaq, it is very likely to form a fast sawtooth pattern and complete the breakthrough with a very small retracement.
③The gorgeous fireworks are coming, I hope you and I will not be its fuel, but the admirers of its collapse.
