$BTC
(0.9.10) Zero Point Analysis No. 14
Hello everyone, I am Jiuge. Today is Teacher's Day, I wish all teachers in the world a happy holiday.
At present, 101 economists predict that the interest rate will be cut by 25 basis points in September, 3 times this year, and a few support a 50 basis point interest rate cut. The Fed is finally unable to hold on!
There will be a big drop after the interest rate cut. This round of plunge of 49,000 has completed a round of deep wash. As I said before, it is difficult to break the previous low with expectations. It is reasonable to follow the US stock market to retaliate after the interest rate cut.
Yesterday's review: 56,000 is a resistance. If it breaks, I will look at 60,000. It will be directly pulled to 58,200 today. The whole market ushered in a sunshine. Looking back at the last decline, it has been staying around 57,500, and it has dropped several times and finally fell below 52,500. Since it has been going for so long before, it still needs to stay here. This trend is healthy. And there is a retracement of 56400 tonight, which is a perfect closing.
Tomorrow's trend: At the 4-hour level, you can review the rebound of multiple plunge patterns. The process is almost the same. First, it falls to panic, deep wash, then slowly rise and fall, then rise and go sideways, and then violently pull up. This set of tactics can basically be said to be perfect trading. The 4-hour reversal trend has not changed. Even if it falls, it needs to rise sharply, or go sideways and close before the wind direction.
At the daily level, macd has intersected with two lines, and the volume column is about to change color. There is basically not much room for falling. This kind of trend has to be bought more and more boldly as it falls. There is basically no meaning in shorting, and it is not enough.
Operation suggestion
If the price is below 56500, you can enter the market and defend 55900. I will not sell my position until it reaches 60,000, unless it goes to 55000😹
Let's talk about people again today. Tomorrow, Trump and Harris will debate. Retail investors will definitely sell tomorrow because they all think that good news is bad news. Then we can see that today's AI leader FET seems to be as strong as pine and cypress.
There is a basic logic of operation in this, that is, you don't necessarily need to take the route that most people think every time. You have to combine the number of people who are bearish, the long-short ratio and the exchange rate.
So if there is no large amount of release, it is not recommended to go short.
Ton will definitely continue to pull, and some are recommended to hold.