The market has warmed up in the past two days, and a group of people started to shout that it has bottomed out, shouted that they are bullish, and then took out long orders🤣
Upon hearing the news, the leeks rushed in to buy
Then two days later, Bitcoin fell, and some people said it was a bear market, and it would go back to 40,000. Analysts posted short orders again.
The leeks were cutting their meat in pain with tears in their eyes.
In this case, even after 10 years, it is still a leek.
It just changed from a tender leek to an older leek.
Let’s talk about the market.
Bitcoin has recovered in the past two days. Several major market makers are accumulating funds. At the same time, the rebound of US stocks has also driven prices upward.
Today, it successfully broke through 58,000, but it did not hold.
Going further up, 59,000 and 60,000 are clear resistance levels, and it will continue to rise only after breaking through them.
There is only one week left until the rate cut
This week, the Federal Reserve has entered a silent period, so it will not come out to talk about anything.
But the market will price in the interest rate cut, which will turn into negative news and cause a market crash.
So in my opinion, the third week of September may be the most dangerous week in the disaster month.
Of course, there are opportunities in danger.
After all, the lower this pullback goes, the more likely we are to pick up bargains.
Therefore, I am not optimistic about the continued counterattack of Bitcoin this time
But I don't make any predictions about where it will go.
We only make plans
When it reaches a relatively low point, we will add positions as planned, and when it rebounds to a high level, we will go short!
The Q4 of revival will eventually come
This should be the last dark moment before dawn.
Hang in there!
