As shown in the figure, the middle track of the Bitcoin monthly line is supported at around $44,000.
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Qingmeizhubi: If there is a waterfall, where will Bitcoin fall?
On the eve of the interest rate cut, undercurrents surged and the market's risk aversion sentiment was very serious, which caused the overall market to continue to fall.
The previous article "Qingmei Zhubi: Analyzing ETH's possible target position from two perspectives" gave the possible range of ETH falling to 2000 - 2200. The actual position it fell to yesterday was 2150, which was in line with expectations.
Bitcoin Market
Since it is the weekend, Bitcoin has not rebounded in this round of decline, and the indicators have diverged from the bottom many times, so the probability of a rebound on the weekend is relatively high. However, considering that there will be CPI next week and the interest rate may be cut in the early morning of September 19, the probability of a subsequent decline or even a new low is relatively high.
The previous article "Qingmei Zhubi: Analyzing ETH's possible target position from two perspectives" gave the possible range of ETH falling to 2000 - 2200. The actual position it fell to yesterday was 2150, which was in line with expectations.
Bitcoin Market
Since it is the weekend, Bitcoin has not rebounded in this round of decline, and the indicators have diverged from the bottom many times, so the probability of a rebound on the weekend is relatively high. However, considering that there will be CPI next week and the interest rate may be cut in the early morning of September 19, the probability of a subsequent decline or even a new low is relatively high.
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BTC
60,326
+3.04%
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