The Fed's rate cut is almost certain, and a new round of bull market may start from September to October‼ ️
This round of Bitcoin's decline from 70,000 to 49,000 is likely to be a round of long-term trend before the surge📈
The period from the end of August to September 25 will directly determine whether the currency circle can usher in the second round of bull market📈
ETH
The first support is 2556 to 2482
The second support is 2456 to 2410📈
I believe that many friends who have listened to my live broadcast know it. I have been telling you in the live broadcast that I think the related speculation caused by the US interest rate cut will start at the end of September or October at the latest, which will trigger the second round of bull market in the currency circle. So my view has not changed at present, because the current market has not given a trend that negates my current view. You can see that although Bitcoin has fallen rapidly from 70,000 to 48,000, many people in this area are complaining. Because in this wave of decline, many people have lost everything. But another phenomenon I saw is that after Bitcoin fell from 70,000 to 48,000, it quickly reversed. In fact, it can be seen that the market is not very accepting of Bitcoin below 54,000, because we can see that after two sharp drops below 54,000, they quickly closed and reversed to 60,000. So the current market feedback is relatively repulsive to Bitcoin below 54,000. The market rejected this price, and it can be summarized in trading terms⚠️⚠️
So if we continue to say that September to October is the beginning of the bull market as I said before. An important time, I think this round of decline can actually be explained as a round before the bull market opens again, many intentionally washed out the chips in the hands of retail investors, and retail investors let retail investors leave the market, including this time we saw that many KOLs have already retired. Then there are fewer and fewer people in the market, and fewer and fewer people hold Bitcoin, which is actually very helpful. These institutions absorb chips and start the second round of Bitcoin bull market📈📈
