Bitcoin is sliding down smoothly, miserable❓
Currently, the market lacks funds, and US stock ETFs are all in a state of outflow😣
And the compensation of Mentougou is expected to be completed in October, and there are still more than 40,000 pending🔪
Short-term support is 57,000 points. This platform has been tested many times. It seems that it will be effective. The daily line is already in the oversold range. Tomorrow If it can stand back to 58,000, the market will also improve slightly〰️
But once the more than 40,000 bitcoins in Mentougou begin to transfer compensation, it may have to find support at 55,000📉
Where is the current market turning point❓
1. The address holding 100 bitcoins hit a new high. This is the courage of the big players. Perfect execution of others' fear and his greed
2. FTX creditors pay compensation, all stable coins will bring new funds
3. After the interest rate cut is implemented, funds will enter the market.
4. The Swiss National Bank began to buy shares of MicroStrategy. Previously, MicroStrategy said it planned to raise another 2 billion US dollars to buy Bitcoin
In addition, if the US stock ETFs are further reduced, their cost price is not far away. If these consortiums want to make money, they must not let their customers lose money like this, so now they just have to endure. There will be a strong rebound in late September. Only by pulling the market can funds come in. Short-term smashing can only harvest contracts.
Brothers, please follow me, welcome guidance, welcome exchanges
