Today's contract map update

Bitcoin long orders: 58060, 57562, 57064, 56566, 56068

Bitcoin short orders: 59056, 59554, 60052, 60550, 61048

Figure 1

Ethereum long orders: 2294, 2272, 2250, 2229, 2207

Ethereum short orders: 2315, 2337, 2359, 2381, 2402

Figure 2

First of all, I am still updating the contract map during the Mid-Autumn Festival holiday, because I have to watch Bitcoin every day and look at various data when updating the contract map every day. I study every day so I am familiar with the highs and lows of Bitcoin in the past year. All of them are subtly remembered by updating the contract map every day.

The trend chart I updated on the 15th was 54,000-56,000. Today's contract map overlaps with my position. The fifth level of the contract map is 56,000, and the ninth level is 54,000.

If the trend chart on the 15th is maintained, Bitcoin will fall back to 54,000 in late September, or 56,000 to complete a bottoming action similar to the three-probe, and then it will be bullish in October, and it is expected to rise sharply.

There are rumors in the market, such as a 0.5% interest rate cut on September 19 and recession suspicions. I don't read them. The hype of a recession in early August failed.

The second hype of a recession on September 6 fell to 52,500, and then rose to 60,500 again, indicating that the second hype of a recession failed again. The United States is doing market management. It doesn't want an early economic crisis black swan. It is modifying economic data, pulling up US stocks, etc. to delay the financial war.

It is obvious that the United States has successfully reversed the direction of the market. The S&P 500 index of US stocks is only 0.55% away from a record high, which is a matter of one day.

Moreover, after the interest rate cut on September 19, there will be no economic data after the Bank of Japan's interest rate decision on the 20th, and there will be a news window period.

September 2019 was also a tormenting market, and October rose sharply.

We are currently walking a bit like the tormenting half-year market in 2019.

The interest rate cut is 0.25%. Don't follow the crowd. A stable interest rate cut is what the Federal Reserve wants.

As for yesterday's many people who saw economic recession and black swans, you can continue to wait for the two interest rate cuts in November and December, and the third economic recession at the end of November. Black swan speculation.

This time it is so obvious, and USDT has issued another 1 billion. You can also see in Figure 3 that there is indeed a super big plunge later.

But that's a later story. For now, I just want to prepare for the October autumn market with a callback to 54,000-56,000 and a rebound to 65,000-68,000.