Good afternoon, brothers, follow Lei Gong to see the current market. Today is the weekend, the market obviously has no liquidity, and the trading volume is more than half less than that from Monday to Friday. It is obvious that there is no domestic capital to buy the bottom. The larger fluctuation depends on whether the Western market can drive funds to buy the bottom of Bitcoin in the evening.
BTC 58,000 is a very critical support in the short term. It has been touched many times but can be quickly recovered, indicating that the market consensus position is around this, so funds are protecting the market!
Bullish factors: BTC computing power is currently at a low point, miners are not making money, and it is close to the bottom!
This month has been determined to cut interest rates, and more funds will flow into the market. It depends on whether the data released before the interest rate cut can increase the base to 50, which will lead to a big rebound!
Bad news: There are more than 30,000 bitcoins left in Mentougou, and more than 80,000 have been digested. The remaining will still cause continuous selling pressure.
The Israeli-Palestinian peace talks failed, and Iran was involved in a wider crisis
This week's data: Non-agricultural data at 8:30 pm on Friday. If it is weaker than expected, it will increase the base!
Don’t rush to sell in the spot market. You have been holding on for so long, so you can hold on for a month or two. Just hold on for the long term and pay attention to position allocation!
