Some people say that BTC will reach 76,000 in September. From the current K-line level, I think it is almost impossible, or to be more precise, it is almost impossible to rise directly to 76,000 before reaching a low point lower than 49,000. Because the monthly line is a step-down structure, how can it be higher than the highest point of 73,000 in March? This logic is like none of us can go forward and backward.
73,800 in March is the ceiling of the current monthly trend, and the support below is 43,000. Without a needle test at 43,000, it is unlikely to go directly above 7w, and even 66,000 will be difficult to reach. Those who simply understand that the interest rate cut in September will cause a big surge are all simple leeks. At least for now, the 1-day MACD has not climbed to the zero axis, so what can it do to surge. When most people are looking at the interest rate cut, it will surge, can it really surge? This surge is conditional, there will be a surge only if there is a plunge! The main players of the institutions are all watching this time point, and they can easily beat you with unified actions in the short term.
If the market closes in the negative in August, it will close in the positive in September. Let's get through August, which is dominated by shorts!
