Bitcoin was attacked by short sellers overnight at 61800, 61400, and 60800, and was directly driven down to around 60500. The market panic is evident. The 6w mark is temporarily supported, and today it rebounded to 61400-61800-62300. If it goes down further, it will fall below.
Bitcoin has been liquidated for more than 1.5 billion long orders for three consecutive days. This is the first time this year. The contract holdings of aicoin reached a peak of 201 billion when Bitcoin was 70,000 on July 30. It only took three days for it to fall to 1660. The price of the pure market coin is 70,000-60,000, and it has fallen by nearly 10,000 dollars. The position of 200 billion has exploded to 166 billion, which is not small.
But let me tell you a ghost story. The cryptocurrency market has only been falling for 4 days since July 30. Have you ever seen a market that fell for 4 days? ? That time it took half a month or a month, or even half a month after falling to the bottom. The whole market is confused about this wave of correction. Why?
From the perspective of interest rate cuts alone, after the non-agricultural data came out, the probability of a rate cut in September has reached 100%, which is generally good news. But the market suddenly pulled back, why? After reading a lot of information, I personally think that the biggest possibility is that the non-agricultural data was almost halved, and the economy is close to collapse. The market believes that it is too late for the Fed to cut interest rates in September, and it should have started in August. So the US stock market began to plummet. This plunge brought down the currency circle. In just 5 days or so, BTC fell by nearly 10,000 points, and the downward wave has gone about 60%. Next week: a tug-of-war within 3,000 points above and below the 60,000 mark. Next, let's see if 60,000 can hold up, and it is not ruled out that it will reach around 57,000. Going down may just be a quick withdrawal, so it is recommended that everyone buy the bottom while it falls.
Next week's low-multiple opportunities:
Long at low 1:58888, take profit at rebound 60300. Loss 58200.
Low long 2:58200, rebound 59300 to take profit. Loss 57700.
In the bottom-picking stage, low long 1: 56666, take profit at rebound of 58000; loss at 56000.
In the bottom-picking stage, buy at a low of 2:53666, and take profit of 20% when it rebounds to 56000 (if 56000 stands firm, the profit will go up by 10,000 points; if it fails, stop loss near the cost, then the defense is 50888).
eth:
We will first look at the rebound to 2998-3042 over the weekend. The short-term correction target is 2828-2800, and the rebound to 2999-3088-3112 will be shorted to 2800. Next week, we will focus on the gains and losses of 2770. If it effectively breaks below (the first break does not count), it will be more dangerous and will move towards 2360. Only reserve opinions
Of course, for example, if Bitcoin drops by $2,000, you can buy the bottom once. Don't panic. The general trend is not going bad. The expectation that Bitcoin will reach $100,000 during the Spring Festival remains unchanged.
Only use strength to speak, and use value to reflect! We will help you control the position accurately and grasp the profit. When the market is good, you can make money no matter how you play, but you must know that the market will not always be good! ! ! When to buy and when to sell in the market is important. If you want to get higher returns, the choice is yours, and choice is greater than hard work!
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