Hold on!! Bitcoin has reached a critical position! At present, the range has reached 53,000-57,000. Now it is in the range. In addition, there is no bad news and the price has fallen for no reason. It can only be said that it is intentional. Tomorrow is the time for the presidential election. It is very likely to rise again. Therefore, the decline in the past few days is for the dealer to absorb funds, so that it can make a fuss next and sell after a big rise!
I have repeatedly emphasized that September is an eventful month. It is best not to operate leveraged contract transactions. Spot transactions are the main focus. Buy on dips. In order to save trouble, it is best to do spot grid transactions.
There are several major events tomorrow, including the release of Apple's new products, the release of Huawei's new products, and the US presidential election. The former two will have some impact on the stock market, and the latter will definitely have a great impact on global finance!
After sorting out a lot of data and information, I concluded that the next trend is likely to be this routine: Tomorrow's presidential election is good for the cryptocurrency market, so now the dealer is making a game to absorb funds. Now after the pin is inserted, the long orders are bursting and the market is starting to rise with the good news. When it reaches a certain high level, it will be sold, and a wave of the market will be harvested!
This is a side dish, and the Fed's interest rate cut will be a big meal later! This is the real harvesting game that the dealer wants to do. If the presidential election is good for the cryptocurrency market, there will be little room for the interest rate cut to rise. Besides, the good news of the interest rate cut has been overdrawn before. If there is no big rise tomorrow or the day after tomorrow, and the previous small range is floating, then the next market will be a second bottoming out. Once the interest rate cut time is not as expected, Bitcoin will return to below 50,000!
Of course, if the interest rate cut comes as expected, there will be a big rise, and Bitcoin will return to the high ground of the 60,000 US dollar range! No one can determine whether it is good or bad. We can only predict the possibility and find the best solution according to the possibility.
Many people in the cryptocurrency circle are very angry, but there is no need to be. Dissatisfied with other people's opinions is just because you have your own opinions. The first step in a person's growth is to allow different opinions to exist and accept diversity. Time will tell you the answer, who is right. In the past few months, all my opinions have not made any wrong predictions about trends, and have given good suggestions to many people's trading operations. This is also the original intention of my writing articles, and of course it is also my learning process for trading. I hope it can be useful to you, that's enough!$BTC $ETH $SOL