#MyFirstSquarePost I'm new to Binance Square and looking forward to sharing and interacting with everyone here!Market Review!
The market glows red and the level of fear in the market increases, BTC breaks through strong support zones and continues to flow. When will growth start?
According to the BTS, we are waiting for a strong support zone of $60,000-62,000 in the middle of which there is 200MA, it gives strength to this zone. Ideally, I expect a decline into this zone for a test and a reversal from it along the medium-term trend line. We can gain good longs from this zone, but you should think according to the situation!
The dominance of military-technical cooperation has decreased to the level of 56.3%; for market growth, a subsequent decrease in dominance is necessary. Besides technical analysis, we have a lot of good news after Powell's speech yesterday. GDP data is getting better and the US economy is starting to grow, with interest rates likely to fall by 95.5% in September. This will give good growth to the market; it is important not to overextend the higher rate, as this could worsen the economy. A reduction in the interest rate will give a good influx of funds into military-technical cooperation and ETH, and the market will respond to this with strong growth.
After Powell’s speech, the stock market, unlike the crypto market, showed significant growth.
Taken together, all these factors tell us that not just a reversal is close, but a bull run itself!
We don’t sell our positions, we recruit them! We are waiting for a reaction from the $60,000-62,000 zone and making further decisions.
