I personally believe that the cryptocurrency market will gradually pick up starting from October.
However, the market will bottom out in August, and the specific bottom is difficult to judge. The current decline will not tell you any indicators. There has been no decent rebound since 70,000, and it has directly dropped to the current 55,000. As long as Wall Street capital is willing to drop it to 38,000, what can you do?
The so-called K-line indicator news is basically an "explanation" given to retail investors in cooperation with the banker's operation.
We should not just focus on the cryptocurrency market. Currently, the U.S. stock market needs a deep correction. We all know that interest rates will be cut in September. So will August be an easy time for those who have bottom-fished in the U.S. stock and cryptocurrency markets?
In recent years, the market has been following the US stock market, not to mention that ETFs have passed, so we should be in awe at the moment. In September, there will be some false breakouts and fluctuations at the bottom.
It is expected that Bitcoin will rise first in October, and the market of copycats will be at the end of November-January. From October to December, Bitcoin will definitely close with a positive line on the March line. If it does not close with a positive line, the bull market structure will be gone. Then everyone will sell at a loss and clear their positions. Will the dealers pull the market up for themselves? Moreover, historical data shows that Bitcoin basically fell or fluctuated from August to September. $BTC
So now you either have to sell at a loss or stay flat, or cover your position. Buy more when the market drops sharply, and buy less when the market drops slightly. High risk, high return; low risk, low return. Trading itself is gambling. The so-called indicators are nothing in front of capital. They are all drawn by Wall Street capital for you to see. $ETH
