Will Bitcoin pull up the market directly or break down? ? ?
Recently, the A-share market has also been released by the state, and a violent bull market has begun. #币圈[超话]# The currency circle is still fluctuating and sideways.
Hello everyone, I am your brother Yi.
Let's talk about the macro first. At present, the United States has cut interest rates and released money, but it is afraid that money will flow to China, because everyone knows that China is the largest economic stability body outside the United States. Worried about the flow of money to China, it has begun to conduct joint military exercises with many small countries such as Japan, Australia, and South Korea, and even threatened to walk to the Taiwan Strait. Our country also launched the Oriental Express actual combat exercise in direct response. A large amount of funds and the state's release of 300 billion yuan are used for A-shares. The Fed's interest rate cut shows that the country is beginning to weaken and a large amount of foreign debt needs to be repaid. At the end of July, 130,000 bitcoins were quietly transferred. Then the sell-off led to a big crash. Nasdaq and Dow Jones, from the monthly line, have been pulling up for several years since 2020 after the epidemic. I personally think that the bubble will soon burst. So I am bullish on A-shares and bearish on Bitcoin.
It is difficult for Bitcoin to strengthen in the future, and it is expected to be by the end of the year or after the New Year.
I have talked too much about the short-term thinking of Bitcoin at present, and I don’t want to look at the long-term, when there is no large-scale market.
Bitcoin; short around 63800~64000, target around 62800.
Ethereum; short around 2630~2620, target around 2589.
Then you can go long near this area, and don’t hold a heavy position before the large-scale market arrives, and everything is mainly short-term.
