Large investors continue to buy coins and transfer them to their cold wallets, making Bitcoin in the exchange increasingly scarce.
Now we are waiting for a sudden positive event to break this balance, and I have already guessed this, that is, the FTX 14 billion US dollar repayment in October.
This will inject a lot of cash into the currency circle, which is also in line with the consensus of the currency circle's October surge, so now the media are suppressing the promotion in September, just waiting for a big wave of collective next month, so the next 4 weeks are the most important time to build a position in your life.
Some people always call me to go to the sea, I tell you, October will definitely be a big bull market, and I'm still going to the sea, we are going to the sky together, do you know.
For the short term, we will look at the big non-agricultural employment data this Friday, which we analyzed in the last issue.
From the K-line, Bitcoin is currently temporarily supported at 55,000, which is a small support, the 0.618 golden ratio, so you can make up for the spot. But for the riskier contracts, I think it is not stable to go long here. The chances of winning are still very high at 50,000, because the support of the double bottom is still very strong.
