After Bitcoin breaks through 70,000, it will start to accelerate. Advice for senior traders: Review the market rhythm in October first.
Since March, this is the fifth time that Bitcoin has hit the trend line and the fifth time it has hit the 7w position.
Trump's speech in the early morning of the day before yesterday was a good test:
- The dealer uses it to test the market
- I test the dealer
The dealer used Trump's speech to touch the trend line twice to test the selling pressure, and the amplitude was not large. Old traders can understand this and will not repeat it.
How do I test the dealer? The first abnormal point is that during Trump's speech, Bitcoin did not really increase its volume to exceed 7w, and the hourly line amplitude was too low. If I were a dealer, if I wanted to cheat, I would definitely use Trump's speech to tell a story, pull over 7w, cheat the contract to open an order, and then cut it down.
In fact, there is no, what does it mean? The dealer does not want floating chips. It can be seen that from the rebound and rise after the big drop in early July, I don’t think it’s a scam by the market makers, and the average volume is also higher than that in May and June.
Especially the position of 70,000, which is too critical. It takes a lot of real money to break through here. It is unlikely that the market makers will spend money here and waste time. They spent so much money just to prepare for the breakthrough.
How will the market go next? My personal opinion:
- Put aside all prejudices! Put aside all prejudices! Put aside all prejudices!
- Pay attention to Ethereum and Shanzhai. After the ETH ETF is passed, the logic of ETH has changed, and Grayscale’s selling pressure will gradually be digested
- The net inflow of funds from ETFs brings prosperity to the entire Shanzhai
- There is no Shanzhai season with a general rise, only the rotation of sectors and the performance of some Shanzhai
- Pay attention to $SATS $RAST, there is a chance to bring a wave of inscription fever
