Yesterday I posted a post "Bearish", and a few points rebounded in the morning, which attracted a lot of friends to scold me
Here I want to express again that I did not advise everyone to go short or long, nor did I predict the trend of the short-term market
I am analyzing the reasons for the rise and fall in the past few days, and from a technical point of view, the current trend of the market and the market atmosphere.
Continue to analyze the current market situation. The probability of interest rate cuts in September and November in the second half of the year begins to rise
The market has experienced a short-term rebound and was brought down by the US stock market. The market is still very weak. It has not stood on the ma120 moving average and is suppressed below. The expectation of interest rate cuts has come. The market in the next 3-5 months must be bullish. As for the short-term trend in August, there is no 100% certainty!
My personal opinion and suggestion is that when the market is relatively weak and the market is mainly bearish, don’t blindly guess the bottom (go long). If you want to buy the bottom of the spot, you can do it at any time!
Because the crypto market is changing rapidly, whether there will be a needle, whether your long orders can withstand it, and whether you can hold on to BTC10w by the end of the year are all unknown, so it is important to go with the flow. Friends who see this, don’t spray blindly, and communicate on an equal footing in the forum
