In the past two days, I reviewed the oscillating technical indicators, on-chain indicators, and moving average indicators. Coincidentally, they all point to the possibility of a big change in September and October. Replicating the 519 trend and the cycle theory 2020 September-October market also point to September-October.

At the same time, so many indicators are showing that the possibility of a change in September-October is very high, and the selected big market may last for a long time. If the current short structure is not destroyed and then bullish again after October, and BTC also falls below 50k at the same time, basically the price and oscillating indicators can confirm the bear market.

At present, ETH and ALTs are already in a bear market in my indicator system, but BTC still has no confirmation of a bear market.

Once the bear market is confirmed, the trading mindset will change. It is no longer a long mindset, but a search for a dead cat rebound/long-term empty cottage entry position.

It is not to say that it must be September-October. Now most of the conditions for the bull market are met, and we still need to continue to observe.

Still the same point of view, further bullish needs to stand above 61500, further bearish needs to fall below 58000, the current general direction is bearish, but not short, bottom position spot.

Still the same sentence, less prediction and more facts, maybe this time BTC falls to 40,000, it can still rise again, depending on the market trend.