Today's Review Summary;
Brothers, the Bitcoin grinding wheel oscillated and confirmed the integer level of 100,000 USD. It has successfully and effectively stabilized. Yesterday's repeated attempts to push up and the back-and-forth ultimately initiated an offensive. Although it hasn't broken through the previous high position of 104,600 yet, this gradual advance is very healthy. The bulls have steadily attacked and resisted the bears' market resistance, leisurely rising to the 103,000 range. The 103,500–104,500 area is the bears' last defensive zone, just like Bitcoin's spike to the 94,500–95,500 range a few days ago, which is also the bulls' defensive zone. If the bulls want to attack the 104,500 peak, they need a positive news stimulus to ignite the market, which could lead to a strong breakout with a large bullish candlestick. Therefore, the interest rate cut on the 18th of this week is very crucial. It is expected that with the positive news, the market could start 1-2 days earlier, around the 16th-17th. So during the night, the market experienced a slight rebound across the board. Therefore, in the past two days, Bitcoin has been draining the altcoins; small adjustments have led to the collapse of altcoins. I am still acquiring in batches, without panic or worry, because the trend of Bitcoin is clear. Even if small adjustments lead to a drop in altcoins during the upward process, that is still an opportunity for us to get in. I wonder if the brothers have acquired any chips in the past two days. Please leave a comment in the comment section; I won't be able to analyze it tomorrow.