An old leek who has been fighting in the industry's independent trading system for eight years, focusing on primary and secondary fresh goods, Heyue, and capturing web3 opportunities!
Market outlook on August 9
After four days of volatility, the market sentiment has calmed down a lot. It has been hovering on the edge of extreme panic, but the girlfriends are still chatting enthusiastically. The second brother also broke through the key pressure level at 4 a.m. Sol was still as strong as ever when the market corrected. When the two big brothers were unable to move, he, who might be the future third brother, had already run away. And I don’t know if you have noticed another interesting thing. For two consecutive days, the stock price fell at night and pulled up in the morning. Some friends who like to stay up late may not be able to bear it.
Many friends are asking me whether there will be a second drop. My answer is as follows!
There are different opinions on whether 48888 is the lowest point before the big bull market. Although some people believe that the upcoming interest rate cut will bring funds into the market, making this number the bottom before the big bull market, I hold a different view. Before the first interest rate cut on September 16, the market often sees a wave of speculation due to expectations. However, there is still a long time before September 16, and according to market trends, this month may need to make a bottoming adjustment to match the rebound one to two weeks before the interest rate cut. From the perspective of the K-line level, the monthly line shows an interval arrangement of one positive and one negative, the upward momentum has weakened, and the KDJ indicator diverges downward, which indicates that the market still has a need for a second bottoming.
This "bottom" is the real bottom before the big bull market, and the spot profit margin is expected to reach 20,000-30,000 points. The rebound of 48888 is just the appearance of oversold rebound, and the medium and large-scale MACD indicators have not yet shown the bottom signal. Since the adoption of ETF, the cryptocurrency market has been similar to the technology stocks of the US stock market at the BTC level. In the absence of changes at present, the market trend will still follow the trend of the US stock market, because the old US government is still selling and Trump has not yet taken office.
Back to the market itself, for BTC, is there a "bottom line" after the ETF, and no longer extreme "liquidity" withdrawals like before, such as a 50% drop in one day. From another perspective, this crash may be a good thing. Only when the market is under heavy pressure and most investors feel desperate and leave the market can a bull market that has lasted for many years be detonated. The market value of the currency circle is insignificant in the eyes of financial bigwigs, and its influence seems small compared to huge market bubbles such as real estate and stock markets. But it is this tiny market that can have a huge impact under the operation of the banker. What the banker needs is the despair, departure and abandonment of investors so that there is enough room for operation. In this market, the banker relies on the hard-earned money of investors to keep the market running.
Therefore, for investors, the ups and downs of the market are normal, and it is crucial to understand the operating rules of the market and the operating methods of the bankers. Only by mastering this information can we make wise decisions in the market.
BTC\ETH support and resistance
Big cake support: 58500 Pressure: 63000
Auntie support: 2480 Pressure: 2890
The current market is volatile. Whether you are keen on Heyue or spot trading, you can follow me. After the sharp drop in the market, I am also optimistic about several potential coins and am ready to lay out my plans.
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