Is the second bottoming out of BTC over? Will it continue to fall? ?

After a positive line, the bloggers who earn money on the square began to see more. In such repeated jumps and frictions, I don’t know if they are really watching the market with thinking. It has been half a year, and BTC has been sideways at the 6w position for more than half a year. It should be noted that this second bottoming out is completely different from the decline on August 5.

On August 5, the big cake inserted a needle to the position of 4w9k US dollars in one go, and closed at 5.7w US dollars on the second day, and rose back to above 6w US dollars on the third day. It can be said that the pace of regaining lost ground is very fast, without too much consolidation and short-term repair. Then this time, after reaching 5.2w US dollars on September 7, it experienced a week of circling and rising, and finally stood at the position of 6w US dollars when the weekend came. It can be said that this rebound obviously represents the symbolic significance of the bulls.

If we look at the crash in history, it is not difficult to find that there are only two possibilities. One is repeated friction, such as 519 in 21 years, after the 30,000 US dollars were inserted, the price repeatedly tested 2.9 and 2.8, and finally reopened a new bull market two months later. Another possibility is similar to the 312 pin, which released a huge amount, and then never gave a chance to get on the train, from 3000 to 1.2w. These two trends are often seen after a big drop. The current situation may be more inclined to the first kind of repeated sideways trading, a false break and then recovery, and the start of a new second half. Such fund absorption will appear to be more important and more suitable for the current market environment.

But don't forget that in terms of price and consolidation cycle, BTC's second bottoming has been completed. That is to say, if you are still shorting and waiting, I feel that you have missed many buying points with a high profit and loss ratio. Of course, we cannot predict whether this wave will give a lower low, but from the current stabilization to the recovery of various altcoins, the risk ratio of short positions is already higher than the risk ratio of holding. So, my friends, are you still waiting for a big pie starting with 4 before choosing to buy the bottom? $BTC $ETH #新币挖矿CATI