Tsk tsk tsk, it’s fallen again, brothers! There’s nothing much to say about the recent market, it fluctuates back and forth, longs explode and shorts explode, and it’s liquidated back and forth! It’s always been this routine!
When there is no liquidity in the market, it is very easy to manipulate. Perhaps an institution, a market maker, or an exchange, a little bit of capital can manipulate the entire market. This behavior cannot be explained by any technical or news aspects.
If you make money, you must run away, otherwise the situation will fall. Anyway, pay attention to safety. In this wave, except for BTC, it only obtained liquidity around 65,000, and the others did not exceed the high point of the natural rebound.
The main decline in this morning's decline began between 5 and 6 a.m. Since such a big gate has been drawn, we must respect it. Regardless of whether it is maliciously manipulated, the price has fallen below the breakout demand column starting point of 60,400, so we should not be bullish, but continue to maintain a bearish mindset. The wash market is coming to an end, and the large-scale direction is about to come out. At present, the bears have the upper hand.
Spot clearance on Monday, early warning
So when can we get on board during this decline? If the bitcoin price seems to be stable, first check to see if the core MEME is jumping. If not, then definitely don’t get on board!
I don’t know what algorithms the core MEME market makers use, but they are always accurate! It is a rebound only when they and BTC both rebound!
If only BTC shows a slight rebound/rebound, and the core MEME basically lies still, then don’t get on board! You will be trapped if you go in!
In contrast, the black swan crash, circuit breakers, and collapse in August pushed the panic level of crypto market sentiment to the extreme. August is about to end, so what will happen in September?
September is known as the worst month in history. The crypto market is very weak in September every year, and basically falls, especially the altcoins, which often plummet and weaken.
What impressed me most was the big bull liquidation in September 2019, when dozens of funds worth over 100 million yuan were liquidated in succession, pushing prices to the bottom.
The market in the second half of the year is often worse than that in the first half of the year, because the Federal Reserve usually tightens liquidity in the second half of the year and releases liquidity at the beginning of the year. BTC is most sensitive to global liquidity and will rise and fall with hot money. Although the cottage industry has shown some signs of recovery in recent days, and although there is a positive side to the interest rate cut in September, the market is always against human nature. Be wary of the temptation to chase high prices in September and avoid standing guard at the top of the mountain!
Although it is difficult to make money in the current market, I hope everyone can keep a calm mind. In May 2021, my $Shib almost returned to 0, and I drank every day to drown my sorrows. Many people advised me to sell it, saying that Shib could not go up, but I refused to sell it. Either it returns to 0, I will accept it.
Who would have thought that there would be a surge later, and then everything became calm. Today, are you holding on to your chips and suffering? Don't give up. "Low market value, high circulation" coins are coins to be valued. If it is close to zero, you should be excited! ! Add to your position! ! !
Last but not least, brothers, click the yellow words below to cast your precious vote for Sunny Day, and you can share $50,000 by voting! Thank you brothers for your precious votes!
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