"Bitcoin has plummeted! 52,000 is in danger, and the banker's washout conspiracy has been exposed. Do you still dare to buy the bottom?"
I have previously pointed out that the support level of $55,200 is difficult to maintain. Now the market has deteriorated significantly, and many investors are confused: How should the market go next? Can $52,000 be sustained?
After the release of non-agricultural data, Bitcoin briefly rebounded, and the market's expectations for an interest rate cut by the Federal Reserve amplified.
This rebound was not accompanied by a significant increase in trading volume, and the bulls lacked strength. Retail investors have been chasing higher in this wave of rise, mistakenly believing that the positive non-agricultural data will bring about a sustained rebound. However, this is the classic routine of the main force to induce long shipments.
Market sentiment has deteriorated significantly. Even if Bitcoin shows signs of support near $52,000 in the short term, the possibility of market makers completing the washout by further testing the price cannot be ruled out. We should be wary of the occurrence of false breaks. Market makers may temporarily lower the price below $52,000, inducing retail investors to continue selling, and then quickly raise the price to complete the accumulation of funds.
If market sentiment continues to deteriorate, we could see Bitcoin fall below $52,000 and even further to $50,000 or lower.
Possible market trends and operating strategies
1. Opportunities for rebound after false breakout
Observe whether $52,000 is really effectively broken below. If the market rebounds quickly after a short period of consolidation below $52,000, this is a signal that the bookmakers have finished collecting funds. At that time, entering the market to go long may be a safer strategy.
2. Risk of falling below $52,000
If Bitcoin effectively falls below $52,000, accompanied by increased trading volume and strengthening of short sentiment, this means that it may enter a new round of decline. $50,000 will become the next key support level
Watch to see if there will be a false break below $52,000
If the market continues to deteriorate and falls below the $50,000 support level, you need to operate more cautiously and wait for a better entry point
When most people are panicking, you should observe calmly; when most people are chasing the rise, you should be more vigilant. The repeated fluctuations in the market are the dealer's game#美国8月非农就业人数不及预期 #小非农增幅创3年多新低 #BTC走势分析 #美联储何时降息？
