August 10
US$3 billion of incremental funds are buying the bottom. The market needs to choose a direction in the short term!
#TON #BTC走势分析 #sol #ETH
🔹Reviews of Cognitive Society
Bitcoin's retracement to its lowest point of 59,500 on August 8 is a bit exaggeratedly strong.
In the context of Bitcoin ETF outflow, Bitcoin's high consolidation shows that the whales have strong bottom-fishing power below 60,000. If there is no major negative news, it is estimated that it will be difficult to fall below 54,500 in the short term.
Bitcoin daily line is still below the o axis. After consolidating at a high level, short-term direction selection, 59000 is the key. Hold 59000 and repeatedly rush to 63000. If it falls below 59000, 57000-55000 is a good entry position. The opportunity to encounter negative news around 50,000 is very good.
When the market is not good, we don't guess whether it will fall or rise first. We try to enter the market at a sharp drop, which is perfect.