The second bottom is coming ⚠️❗️❗️

Affected by Trump's poor debate in the morning, Bitcoin also began to fall straight down. It failed to break through $58,000 for two consecutive waves. This wave of decline is normal. Ethereum is really not worth watching recently. It can't rise at all, and it falls more violently than anyone else.

The positive news of this wave of CPI data has failed to effectively save this decline. It seems that the results of the US election have a great impact on the cryptocurrency market. The big guys have begun to hedge urgently. The opening of the US stock market is also mixed, which is difficult to understand. The probability of a 25 basis point interest rate cut is also rising straight up. It has now reached 85%. This is a good thing. There is no desperate 50 basis point cut due to concerns about the US economic recession, otherwise it will trigger a series of butterfly effects. Fortunately, the US dollar index has begun to rebound. This is good news, indicating that the US market economy is taking measures to repair it.

Now it is really like a friend dies but I live, really don't care about the life and death of the bulls, any news comes, then it is the rhetoric of the dealer to follow the trend of falling, now, Bitcoin should have a rebound near $55,000, this wave of decline has cleared the longs who paid $555,000, if it falls again, then it will reach $52,500, stepping back to test the strength of the bulls, it has to be said that the liquidation strength of the air force above 60,000 is really very tempting.

At present, there is no need to be too pessimistic, the daily level is still looking at the rebound trend, before $55,000 is not broken, it will not fall far, after a simple sideways adjustment, this week is still bullish.

At present, the MACD of Bitcoin in 1 hour has touched the low, there should be a good rebound in the second half, KDJ also has the form of aerial relay OBV is repairing, this is a good thing, indicating that the whales who bought the bottom near 52,500 are still retreating, this week, look at BTC, Ethereum rebound is too weak, I don't know when there will be a rebound.

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