After the rebound in the past few days, the CME gap has been completely filled. The next question is the height.
I think that this wave of rebound will first set the stop profit position at 65,000-68,000 US dollars. The reason for choosing here is also very simple. After the decline, the short-term indicators need to be repaired. It is impossible to form a reversal at once. It will take time to shock and repair.
Next, you only need to pay attention to the following things:
1. Will the US recession expectations be hyped again? The reason why many people did not buy the bottom on August 5 was that the news of the US economic recession was released, which led everyone to believe that there was a deeper low.
2. In the current US presidential election, will Trump lose the election? After all, in this round of the market, Trump has been closely linked to cryptocurrencies. Losing the election will bring negative effects to crypto practitioners who support Trump.
3. Pay attention to the recent war news. There is a saying that when the war sounds, the currency circle will fall. Every time the war comes, the downward trend of the currency circle arrives.
4. Pay attention to US stocks and daily ETF data. These are the news of the market, which can reflect the market sentiment, especially the rise and fall of US stocks, which have an impact on the currency circle, and the purchasing power of ETFs also determines the direction of the market.
Remember, if you regard your investment as a long-term investment, the decline of the market should be seen as an opportunity. It provides an opportunity to buy more tokens at a lower price. Before making any purchases, it is crucial to develop a strategy and never invest all your funds in it.
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