September 2, 2024 Bitcoin Forecast Quotes from Binance

Continuation of the analysis from 8-24

As mentioned above, the big cake must be violently pulled up at a certain position and cannot break

These key points are used as references and necessary positions for bulls and bears

All big markets are small and large and advance step by step. At the moment of structural change, we can only follow the trend, not go against the trend

Although this round of market, whether it is the money-making effect or the compound interest of funds, is not as good as other rounds of bull markets.

The point is that this round of market does not have the general rise trend of other rounds of market. The initial inscription is just a wave of flow. The other large and small hot spots in the later period are almost all for harvesting

According to previous experience, friends who have made fixed investments or long-term holdings of Ethereum are almost lonely

Let’s stop talking and return to the market. In the previous trend, I explained the trend. The daily level of the indicator OBV has been hovering at a low level. From today’s point of view, OBV has fallen below the daily low.

I will not elaborate on the wave pattern of the big structure, mainly because it is difficult to plan and judge at present. If I am forced to plan, I think the trend since 15XXX is at the level of wave B monthly line.

The central idea of ​​the above is that there is a high probability of a bear market. According to the forced planning, the future target is below 15XXX (as shown in the figure)

This round of new highs is a false bull market. The end of the wave C or wave Y of the monthly line level of the wave B of the bull market adjustment for ten years is the real bull market coming for the next ten years.

These cycles are too long. Let's talk about the short-term (as shown in the figure)

Short-term 4-hour support plus a small deviation

There is a demand for a rebound. Whether it will rebound is to be determined. But if it rebounds, you can choose to short at the right time. The level is a medium- and long-term short position layout

That's basically it. If there are other changes in the market, I will notify you separately

There are several ways to open positions here. I have explained them for reference only and do not use them as a basis for opening positions.

1. Empty the bottom position at the market price by 30%. Add positions when it goes up. Stop loss 65XXX

2. Wait for a rebound and short. Stop loss 65XXX

Adjournment