Bitcoin fell below 58,000, where is the bottom?
From my own trading system: Bitcoin is still developing towards a bull market
The weekly support is in the range of 54,000-56,000. It fell below once on August 5, but was pulled back in an instant, which is enough to show that the buying below is very strong
From the market perspective, it has become a joke to shout "bull market" now. The copycats have been cut in half again and again. What kind of bull market is this?
Everyone has their own basis for judging the bull market. I think there will be a bull market, which is based on my experience, technology, research and other multi-faceted analysis
The fact that the cottage market is cut in half and cut in half again has little to do with the bull market in the currency circle. The only core basis of the bull market is BTC. As long as it goes bullish, the currency circle is bullish
Now no matter how much the cottage market is cut in half, as long as Bitcoin starts to rise wildly, the cottage market will explode like crazy
Of course, the trend in 2024 will be different. Not all coins will rise when the big cake rises. Many coins will completely fall in this round of wash-ups
This is a rule, because things without value will not be favored by capital and recognized by the market, and the bubble will eventually burst
So, if you want to get the result in 2024; the first is the choice of currency, and the second is the purchase price. If one of the two is missing, it will be affected by market sentiment, and it will end up in vain
