On Tuesday, Bitcoin and Ethereum, my views after the market cleanup!

Yesterday, Bitcoin dropped all the way to 49,000, and the maximum decline from the high of 73,000 has expanded to about 35%.

The market is extremely fearful. Affected by the herd effect, many people have cut their losses at low positions. Especially the newcomers who have just entered the circle and have not experienced a sharp drop, they are directly confused and instinctively cut their positions, fearing that they will return to zero.

Many institutions have denounced the coal interest rate cut too late and too slowly, which has led to a big beng in the market. This has happened many times in history. The result is either no interest rate cut or a sharp interest rate cut. The probability of the Federal Reserve cutting interest rates by 50 basis points in September this year has greatly increased.

For today's short-term, the range is shrinking visibly, and the volatility should be much smaller than yesterday. The last round of retracement at 53,000 in the early morning today can serve as short-term support. The upper pressure is in the 58,000 to 61,000 area. The short-term is accompanied by repeated shocks and jumps. Don't consider which direction first. It will be safer to run based on the news first. Now, I am using experience and intuitive market analysis. I still see a rebound, but it will be accompanied by repetition. Once it falls by 2,000, it will affect the short-term judgment, so I suggest that you enter at 5-8% lightly. When the repetition is relatively large, you have to experience resistance, generally within 2,000. Enter at 54,500 and look at 58,000, which is in place without breaking. Or go directly to 55,000! It depends on the individual. Ethereum is also OK, and the rebound will be visible to the naked eye!

If you have no idea about the market, it is recommended to hold the spot and wait and see. If you want to make a profit from leverage in this round, then you should be prepared to return to zero, so that your mentality will be much better.

Yesterday, I have emphasized my thinking. Bitcoin at 50,000 is not something you can see at any time. Let everyone buy mainstream coins such as Duo Da Bing and Ethereum SOL. As long as you have faith, you will rush in. If you have no faith and panic when the market falls, then you can only be a fence-sitter.

Because I have experienced many times of Wanli wash-outs, after which the market basically quickly has a 60%-80% decline, a situation of double wash-outs, but the main feeling in my heart is that the bull market cycle process will not be changed by the plunge. At most, the trend will increase some bumps and the market will fluctuate more. Now we are on the verge of a rate cut, and after a sharp drop, it is not far from an emergency rate cut. Those who buy at the bottom will be richer, but as long as the spot does not move, it is just floating on paper$BTC $ETH