Market Analysis 9.13
Good morning, brothers. BTC has rebounded to $58,000.
Currently, the hourly MACD has a divergence trend, and the weekend is coming soon.
Therefore, there may be a small correction in the next two days.
No big problem, continue to hold.
This decline is very thorough, raising the cost of holders to another level.
Most people's BTC cost is around $55,000,
and the risk of a big crash is getting smaller and smaller.
Compared with August 26, in the past two weeks of decline, a large amount of BTC has flowed out of all exchanges, with a total outflow of 80,000. The stablecoin inventory in all exchanges has exceeded the peak on August 30. The current Fed base rate is around 5.5%, which can be reduced to 4.5% this year and will continue to decline next year. This is the general trend. Identify the general trend, just do it, hold on and wait for the rise. You can make money if you meet the following three conditions. (1) Don’t buy high-inflation tokens, otherwise there will be tens of millions of selling pressure every day, which will only lead to a negative decline. (2) Don’t do contracts, otherwise a liquidation will make your principal disappear, and the subsequent rise will have nothing to do with you. (3) Don’t be scared by other analysts and sell at the bottom in panic. Next Thursday, September 19 at 2:00 am, the Fed’s interest rate decision will decide whether to cut interest rates by 25 basis points or 50 basis points.
If it is 50 basis points, then BTC will accelerate to $70,000
If it is 25 basis points, then it will be slower