It has been a long time since we met. Since Xunzhang mainly provides spot analysis and recommendations, the previous market situation made it difficult to participate in spot trading. Prices have been under pressure at the top, the market has a large demand for adjustment, and spot trading lacks advantages. This wave of crazy decline has brought hope for continued participation. The market has a strong demand for bargain hunting. In order to provide you with directional guidance, Xunzhang continues to publish articles for your reference.

Currently, cryptocurrencies have emerged from the most panic-stricken state. The exciting scene brought by August 5 is still vivid in our minds. Many people are still waiting for a lower price to enter, and have not dared to buy at the bottom, thus missing the favorable entry opportunity at the most panic moment. Around 3:05 p.m. that day, many people received the bottom-fishing currency buying advice from Medal. Although they did not buy at the bottom, they were very close to the bottom. Due to the very appropriate currency recommendation, the price quickly gained a 30% increase in profit.

In fact, from the experience of the last bull market, the biggest adjustment of the market is mainly at the weekly level. If we only look at the weekly pattern, the current bull market pattern is still alive, because the long-term MA bulls are still in a long-term arrangement. Moreover, the weekly line of the big drop on the 5th approached the largest retracement point, MA 60, near 47,000 points. Similar to the weekly line of the last bull market, which retreated 30,000 from 58,000, the price was close to the weekly MA 60, but it did not break, and then continued to climb after several weeks of consolidation. There were many ups and downs in the middle and the support trend near the lowest level was tested again. Therefore, we should also learn from history as a layout criterion. That is, if the price touches around 50,000 again, then the position will be bravely filled up. It is more reasonable to deal with the current rebound with the maximum half position. For defense, the weekly MA 60 of 47,000 points can be used as the exit point, and then you can exit by touching the rebound and wait for a lower price.

Objectively speaking, Bitcoin is currently facing three major negative factors. One is that after the compensation from Mentougou is paid to the victims, there will be a demand for cashing out and selling. The number has reached 190,000. After all, it has increased dozens of times over the years, and the victims have the need to sell to relieve their own financial pressure. The second point is that Trump's approval rating has declined. At present, he does not have an advantage, and there is no big guarantee whether he will win the election. The market has also caused panic and suspicion; the last point is that the current global economy is in a downward state, and the financial storm is actually still brewing and fermenting. In the complex financial system, once any link has problems, there will be a chain collapse phenomenon. In other words, if there are new events, there will still be panic selling. The above three points are the main objective negative factors.

Of course, the positive direction is mainly that the current interest rate ceiling of the Federal Reserve has been determined, and the target range of the Federal Funds Rate of the Federal Reserve is currently maintained between 5.25% and 5.50%.

Since September 2023, the Fed has maintained this interest rate range unchanged for seven consecutive meetings. In addition, the Fed's economic outlook forecast shows that the median forecast for the target range of the federal funds rate at the end of this year is between 4.9% and 5.4%, suggesting the market's expectations for future interest rate changes. This information provides an important reference for the global economy and financial markets, especially in terms of global economic growth and monetary policy coordination.

If the Fed does not cut interest rates in the next four months, according to the current trend, the annual interest cost of the US government may rise from $1.1 trillion to $1.6 trillion. This is really exaggerated. Therefore, the expectation of a rate cut at the end of this year is very high. The rate cut will increase the liquidity of the market, which will have a certain boosting effect on the stability and rise of assets. This is the main positive side of Bitcoin. On the other hand, the US will usher in the general election in November. Once Trump comes to power, his remarks in support of cryptocurrency will bring great boost and policy bias, which is easy to form a large-scale expectation of rising prices.

Judging from the current K-line pattern, Bitcoin is under pressure near 57,000 points, which is suppressed by the four-hour MA 30 moving average. At the same time, it has rebounded from the bottom of 49,000 points by more than 8,000 points. It is not a small probability event that the price will continue to fall. Therefore, everyone needs to make certain defensive position preparations, do a good job of high reduction and low increase, and do not rush all positions. In this process, many coin friends can't help but buy at the bottom, which is very understandable, but when we choose to buy at the bottom, we need to be very cautious in currency selection, because everyone can also feel that many currencies have weakened, rebounded weakly, and fell wildly. Therefore, choosing some currencies that are resistant to declines and can rise will bring a greater positive pull to your own income. Today, I will recommend three currencies for you to choose from. Please pay attention to the next analysis of the medal.

A must-read for cryptocurrency lovers: The cryptocurrency market requires highly professional knowledge and comprehensive information analysis. If you deal with it alone, you are easily affected by emotions and end up with more losses than wins in the long run. Welcome to follow Medal to help you stand high and pursue cryptocurrency wealth from a professional perspective!#BTC走势预测