Market Analysis 9.22
Have a nice weekend, brothers. The judgment given by yesterday's market analysis:
BTC rebounded from $54,000 on September 8 to $64,000 for two consecutive weeks.
It is time to take a break, consolidation + small correction.
In addition, there was no ETF fund inflow over the weekend and international conflicts intensified.
It may pull back to $61,000.
Some coins that are profitable can be sold below.
This position is not suitable for adding positions. If it falls below $61,000, buy it again.
It will take a few days to pull back, and then continue to move upward in the shock.
This month, there are obvious signs of whales buying the bottom.
There is a wallet that increased its holdings from 2,625 on September 6 to 23,732 on September 20.
It increased its holdings of BTC worth $1.4 billion.
Who can take out $1.4 billion at one time?
It must be in the top 50 of the Forbes list
Or a strategic reserve of a certain country
From August to now, a large amount of BTC has flowed out of the exchange
In addition, the Federal Reserve may cut interest rates twice this year
The general trend is upward, we need to be more patient
