🤔Some people say: Bitcoin will not usher in a bull market if it does not break the previous high. I personally have reservations about this view. 🤷♂️
🚀The current bull market is very different from the past. It is more like taking the route of a bull market in the sector. Even if Bitcoin is fluctuating, there are still many other currencies that are rising strongly. Therefore, we cannot be too obsessed with the price of BTC. 📈
💼With the passage of ETFs, Bitcoin has truly become a globally recognized safe-haven asset. There will be a steady stream of funds entering the market, which also makes its price extremely strong. No matter how much selling pressure there is in the market, it will be swallowed up by a huge amount of funds. 💪
📈At this point, BTC has only one direction, that is: constantly breaking the previous high, continuing to go bullish, and making retail investors increasingly out of reach. 🚀
📉After the deep correction and wash in the first half of 2024, retail investors have also intuitively seen the value of BTC. But the high price makes it difficult to start, and they can only choose some BTC derivatives. 📊
📊From the data of the long and short ratios of the contracts in the past few days, the ratio is maintained at 4:6. But from the data, there are not enough short orders, and there are not many large orders. 📉
💰65,000 US dollars has just been broken, and the cross line has been closed for two consecutive days recently, just in time for the weekend, and everyone is still waiting and watching. But the focus of the battle is still next Monday, which is September 30th. This day will not only close the weekly line, but also the monthly line. This is the moment to determine the general direction! 📅
🌊However, judging from the performance of altcoins in September, although there is capital inflow, the effect is not very obvious, and there is no amazing coin yet. But the monthly line of BTC in September closed with a positive line, which is a strong signal of stopping the decline and reversing, which means that there is a high probability that the positive line will continue to close in October! 🌈
📢The boss has spoken, and altcoins are eager to try in September. October should be the time for some value coins to perform. Recently, Vitalik has also started to return to work, and various data about ETH are progressing steadily. 💻
💪ETH has been silent for too long, so long that everyone has begun to spit on it, and even give up. But this is the nature of the cryptocurrency circle. As long as there is no pull, consensus is empty talk. Therefore, no matter how good the coin is, you can't buy it at the moment before it is actually launched, otherwise the endless torture will crush anyone.😣
