2024.8.30 Market Analysis

The recent performance of the big cake is a small rebound. After the daily line closed, a wave in the early morning brought back all the gains during the day. The hourly level directly fell a big negative line, and then the price was consolidated. Yesterday afternoon, the VIP skirt placed an order at 60610-61000 to be bearish, and Ethereum was bearish in the 2610-2620 range. The highest point of 2595 was directly down. Under the linkage market, the decline of the cottage has performed very poorly recently. The previous rebound also proved a point of view that the rebound is to create space for the decline.

The current intraday level of the big cake market is still bearish. Let's first look at the area around 58,000 below. This wave of breaking through 58,000 is not expected to be a big problem. At the same time, this wave of 56,000 points will not be the low point, that is, the previous 56,000 pin rebound will not be shown in this wave of market. It is expected that the second bottoming will be basically completed when it falls to the 54,000-56,000 range. The main thing is to see whether it is a needle or a real negative line, and then judge whether the bottom is stable. September is about to start. Do you think the market in September will be better than that in August? #BTC