$BTC $ETH $BNB
How do you view the current market? Will it fall to $40,000?
Let's give the conclusion directly, and discuss it in 3 aspects:
Why did it fall, how much can it fall, is there still hope?
1. Why did it fall?
There are more than 80,000 BTC in Mentougou that have been smashing the market. The market can't bear it and it fell.
2. How much can it fall?
There is relatively strong support at $57,000.
Currently, the WR indicator of BTC has fallen to a low of -98 in several months.
If it falls below $57,000, it will be pulled back quickly.
In the morning, I asked whether it would fall to $40,000.
$63,000 is the cost price of short-term buyers.
The cost of BTC ETF buyers is more than 50,000.
It is difficult to fall to $40,000.
3. Is there still hope?
The selling pressure in Mentougou has been digested, and there is capital in the market after the interest rate cut.
It is possible to usher in a rebound in mid-to-late September.
