Now the signals of the big market are becoming more and more obvious.
So the question that everyone is most concerned about is where to buy the bottom.
And the two most concerned signs, what do you think of #ETH #SOL ?
To summarize, let’s talk briefly.
1. The bottom signal, where is the low point?
Observing data from Binance, the world's largest exchange, Bitcoin's tops and bottoms are often accompanied by huge transactions. Monday's plunge was even more impressive, with frequent changes of hands.
Based on this, I believe that the possibility of forming a bottom near 49,000 is extremely high. Even if there is a second bottom in the future, it will be a good opportunity for layout.
Historical experience shows that Bitcoin often experiences a market reversal after heavy volume, and this week's heavy volume decline deserves great attention.
2. Interpretation of on-chain data.
On-chain transaction volume surged, but inflows and outflows were basically balanced, and no actual net selling was seen. This is a sign of market strength. Despite the significant decline and the coexistence of leveraged liquidation and selling, bargain hunting is equally strong, forming an effective hedge. If exchange stocks surge abnormally, you need to be alert to risks.
3. Key resistance and operational suggestions
If Bitcoin can stand and maintain 60,000, it will be an extremely positive signal. This level is not only the resistance of the M head and neck line, but also the key level of 0.382 of the golden section. Prudent investors may consider taking profits at this position and waiting for confirmation of a retracement before entering the market again.
eth
In terms of Ethereum, the selling pressure of Grayscale Trust gradually eased, Wall Street buying continued, and the net inflow trend of ETFs was obvious, indicating that funds are actively returning. Referring to the history of Bitcoin ETFs, after grayscale selling pressure is released, there is often an influx of Wall Street funds to drive up prices. The Layer 2 interoperability and mainnet integration plan announced by Buterin is expected to be launched simultaneously with the Prague upgrade before the end of the year, which is expected to boost the performance of Layer 2 tokens.
sol
Solana's annual developer conference is about to be held on September 20. Market expectations are high, and giant whales have been bargain hunting, providing investors with opportunities for bargain hunting.
Taken together, the opportunities are still great at present. September is a hyped month and there will be a wave of market conditions.
But the bigger one will be around November
In this round, the bull will not fight as much as in the previous rounds. It will last longer, maybe 2025, 2026.
I like spot goods and have patience.
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