Bitcoin has hit the bottom again. Can retail investors still make money in this bull market? What to do next?

The market is indeed very bad, and we can see it. Generally speaking, there is no money in the market, and liquidity has been withdrawn. There are only a few dimensions to judge whether it has reached the bottom.

1. See if the cottage industry will fall when the big cake falls, which is equivalent to asking big investors, big VCs, and big market makers to help you judge the market

2. See if the market sentiment is desperate

3. See if there is a possibility of a new turnaround, such as the CPI data on Thursday. We don’t know whether it will be good or bad, but when the market can’t get worse, any data may be a turnaround for the better.

In any case, I still think that there will be good news from the interest rate cut in September at the latest to the election in November. If we push it forward for half a month, it will definitely be good in mid-August. Then, hurry up to make money, and then Thanksgiving to before the Spring Festival may be the traditional off-season. Remember to run away and cash out to have a stable year.

In the short term, I think this Thursday's CPI will be positive, and there should be a rebound, but it is still not a reversal. If there is a reversal, it may really have to hit 48,000 to make the bulls desperate and the bears start to be arrogant. In this way, it will rebound from this week to next week, and then continue to fall until August. In the middle, the amplitude will gradually decrease after a wide range of fluctuations. In this way, the downward support level will be 46,500-48,500, and there is no need to say more about the upward level. #BTC下跌分析