Powell's dovish speech brought back the bull market overnight, and Bitcoin rose as expected to break through $65,000
Yesterday we analyzed that the general direction is upward, short positions must be sold if they make money, and the pattern cannot be formed. The daily K stood on M20, and the upward direction has been opened. Sure enough, Powell's speech was dovish for the first time in the evening, and the September interest rate cut was a foregone conclusion. Bitcoin first soared 1,000 points and then immediately fell back to its original position. A long upper shadow line appeared on the hourly line, which was an absolute inducement to shorts.
After a large number of shorts were fooled, it rose in small steps again, breaking through the intraday pressure level, and finally rose to $65,000 as expected. The high-leverage air force was another night of fuel.
Today's analysis: The weekend market will not fluctuate too much. From the K line, the 1-hour level is a downward trend, and the 4-hour, 12-hour, and daily levels are all upward trends. The intraday pressure level is 66,000 and the support level is 60,700.
Today someone said that if I only invest in Bitcoin, I will do it too.
Do you really?
If you can do it, then you will never lose money in the cryptocurrency circle.
Not only will you not be able to hold on, you will also think that you are very intelligent and can keep making waves to amplify your profits.
In this round of market, almost all the altcoins have been cut in half, while the decline of Bitcoin is only about 20%. In addition to our bottom-fishing operations, we are almost losing money now.
This is for Bitcoin, and the altcoins, no matter who it is, even the gods in the sky, have been cut in half in this market.
The most challenging thing about investment is the mentality. The value of my existence is to give you confidence, teach you the correct investment mentality, encourage you to bottom-fish at the bottom-fishing position, and remind you to stop profit at the stop-profit position.
In this way, you will definitely make money in this bull market.
Everyone knows that in the bull market, if you can make money, you will beat more than 80% of people.
It seems simple to make money in the cryptocurrency circle, but with the addition of human nature, greed and fear are infinitely magnified, and it is almost impossible to make money.
In particular, some leeks like to invest in altcoins and even local dogs, but ignore several top value currencies such as Bitcoin and Ethereum.
In fact, after all the calculations, there are only a few truly valuable projects in this circle.
If you put your money in a pile of garbage, your money may become garbage at any time. I have been in the cryptocurrency circle for many years, and I know how people who make money in this circle make money.$BTC #杰克逊霍尔年会
