Why look at the end of the month correction?

The bull market is a process of accumulating risks. Only with a correction can we go further. Since the 55555 hype of the interest rate cut, Bitcoin has not had a serious correction. The most correction is 2500 and it is over. Remember, -3-4% is not a correction. A serious correction should be a big drop.

A drop of 2500 and an instant rebound of 800, can it be called a correction if it actually dropped 1500 dollars? ? So a slight drop of 3000 or 4000 dollars is enough to be a correction.

Bitcoin has been rising for 16 days from 52500 to 64500 on September 8, up by 12000 dollars. A drop of 2000 dollars is not a correction, but a sideways consolidation at a high level. Anyone who knows K-line of Bitcoin knows that there are 5 needles on the daily line. It is stagnant at a high level, with shrinking trading volume and divergence between volume and price. It is impossible to pull the market without spending money. Moreover, at this high level, I don’t want to say more about the contract open interest. You can see Figure 3 for yourself. It is full of open interest because there has been no correction and the leverage has not been cleared. A wave of leveraged contract positions will make the contract open interest chart healthy. In addition, the recent 7 8 There was a drop at the end of the month for both months, 70,000-63,000 in July, 65,000-57,800 in August. Is there a reason why fans support me? It was because I reminded them of the risk of a sharp drop at the end of these two months. Fans supported me only after they left and made money. So there may not be a sharp drop like the end of July and August in September. There may be a normal correction. I just made a reasonable prediction. As I said before, it won’t go far if it doesn’t adjust. There is no way to play in October.

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