CME gap has been filled! Will it continue to fall below 60,000?

Bitcoin briefly fell below 60,000 USD, and came above 60,000 to retest the strong support level of 60,000. Seeing that many friends in the community can't hold the spot, and many altcoins have further fallen after being cut in half, what I want to tell you here is that if you sell the coins in your hands now, you will be a real leek.

After we experienced the selling pressure after the halving and the profit-taking during the tax season in April and May, the start of the third quarter is actually the most painful three months.

If we look at the third quarter data of the past 10 years and even the data in July, in the past 10 years, Bitcoin has risen by an average of more than 11% in July, and 7 of the 10 months have shown positive returns.

In other words, the seasonal cycle has reached a critical moment of rebounding. The first day of July, the first working day, can actually reflect the overall pace. The inflow of ETFs in the United States is close to 130 million US dollars, the highest level since early June.

Of course, this data needs to be continued. Since the rebound at the end of June, it has not been able to successfully break through 6.5w. At present, the hourly level has returned to a downward trend. The weaker Ethereum has also reached around 3,300 US dollars, indicating that this wave of rebound has completely ended. If it goes down during the day, the previous position of 5.8w of Bitcoin and 3250 of Ethereum are still the points for continuing to cover positions.