$BTC
The recent market has been advancing along the rising trend line of Figure 1. For the first time, the volume has broken down and the trading volume has increased. I don't plan to continue to maintain the bullish idea.
---The trend line has broken down and there has been a good volume increase. I think it will be more cost-effective to go short on the right side. The success rate will be higher if the four-hour closing is below this trend line. Seek stability and wait for the closing line at 12 o'clock before observing.
---The 58,000 support has not been effectively broken yet. If it can be quickly recovered above the trend line in a short period of time, continue to be bullish. Otherwise, the best scenario can only be to consolidate and build a structure at 58,000.
---An important support level after the trend line breaks down is 55555.
---From a wider perspective, Figure 2 is a convergent structure. Only after breaking upward can we expect to test a higher position.
The atmosphere of the market game of a 25/50 basis point interest rate cut is gradually becoming stronger. In short, a smaller cut is bearish. A larger cut may be an economic recession, which is also bearish. It's too difficult. .
My recent layout focus is Ethereum, but this guy has dropped nearly 200 dollars a day, which is really disgusting. However, if you buy spot for the long term, you don’t care about the profit and loss at this time. Look forward to the results at the end of the year.
Wait for the second test of 2250 in the short term, and the rebound target is 2333. After breaking through 2333, enter the right side and go long.
Buy spot near 2150, it’s too weak, no more bb.
