This round of decline: profit-taking by bottom-fishing, and continued selling pressure in Mentougou
This round of decline is mainly due to profit-taking by bottom-fishing, while the selling pressure in Mentougou is also continuing. If less funds enter one day, the selling pressure will appear. Spot contract Junyang👉@点这里 加密乘风 If there is no other negative news, BTC should be sideways at 58000-58000-59000, and this area has strong support. The logic is clear: Dog Zhuang wants to make money, and the 50000-50000-55000 range has been re-arranged, and it will definitely be pulled up to cash out. Hold the currency and wait for it to rise, don't cut the bottom. It will take time to eliminate the selling pressure in Mentougou, at least half a month, or it may last until mid-September. PCE data will be released on Friday. If it is positive, it will rebound slightly, and if it is negative, it will touch $56000. Recommended holdings: AR, FTM, STX, CHR, ZK, ETH, BNB, CKB, TIA
