【2024-9-7 Bitcoin Market Trend Analysis】

The current Bitcoin market is in a volatile area. The range of this volatile area is about: 54851.3-58421.4. If it is in this volatile area, you can choose some strong varieties to do. At present, the overall Bitcoin is still bearish, but it is said that this wave of bearishness needs a relatively long time to oscillate, maybe 1-2 days or even longer, because it has fallen 4-5 waves before, and it takes a long time to oscillate to wear out the strength of this wave of decline. If you want to make a single order, you can find some strong copycat varieties to do it, but it is not recommended to hold it for too long because Bitcoin will continue to go short at that time. If it falls below 53323.7, it will go short. After the short, it will be ready to start a new round of bull market (at the end of July or August). So it is too early to say that it is bullish now, and it is not too much to say that it is bearish. (If you don't understand the market, try not to trade in altcoins)

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