After Bitcoin broke through 60,000, it could not stabilize and repeatedly fell below 📉 Is the market heading for a weak decline⁉️
No‼ ️The current market is more like a violent wash-out trend before a round of rise📈‼ ️
Everyone who is interested in finance knows that after the Federal Reserve announced unemployment data last week, both the U.S. stock market and the cryptocurrency circle fell sharply. It can be said that the decline shocked all traders. However, this unemployment data is only a one-sided and not objective statistic. Therefore, after the decline of the U.S. stock market, more traders believe that the market benefits from the Fed’s interest rate cut from September to October, so the U.S. stock market took the lead in starting a rebound📈📈
However, because of the immaturity of traders and the immaturity of many retail investors on the Bitcoin side, these institutions are still constantly washing the market, which caused the violent rebound and surge of the U.S. stock market that everyone saw last week, but it must continue to fall. In fact, it is not a big negative, nor is the market going to fall, but the entire US financial system generally believes that there will be a bull market from September to October, but the institutional control methods of the currency circle are stronger, and the trading ability of retail investors is weaker, so it takes longer for Bitcoin to wash the market. That is why the US stock market took the lead in launching a large-scale rebound due to the influence of the Federal Reserve data, but the currency circle is still falling. So I am personally more bullish on the subsequent trend.
Then there may be a small bull market by the end of September at the latest. Not to mention breaking new highs, of course it is possible to break new highs. But if it does not break new highs, there is no problem in forming a large unilateral rise. So we see that Ethereum has been stagnant and weak, so we suggest that everyone enter the market with long orders at 2556. At present, this long order is still held, and we want to hold this long order for a long time until the end of this week. For example, let's see if there is a chance to form a unilateral rise and take a bigger profit#美国CPI数据连续第4个月回落 #新币挖矿TON