$btc The rhythm and structure of the trend here are at least 70% similar to those at the beginning of the year, but it is not as neat as the initial trend, and the callback method is also open and close, with a rapid decline and rebound to clean up the contract, but the big rhythm has already come out, and the election is approaching, it is just in the process of adjusting the four waves, and the fifth wave is expected to start before the election. As for the market after the fifth wave, it is not yet visible.
There is a conclusion in the bull market, the weekly level pullback cannot effectively fall below the zero axis of MACD. For example, judging from the pullback of $btc, the pullback in each round of bull market has never fallen below the zero axis, but in this round of market, $eth fell below the zero axis, which means that the defense of the key position has failed, but the position and the range of the break will form a rebound zone, and the cost performance is still good. For example, there will be a 1h long opportunity here soon.
The overall market trend is moving in an optimistic direction. The current daily upward correction rhythm of $BTC is good, and it has found effective support at 50%. The slope of the 1h rebound is obviously stronger. In addition, many copycats have performed strongly in the daily correction position. The next step is to wait for the arrival of the main upward trend on the right side. The long position of sats is expected to reach above 34 before reaching the first pressure level.
The inscription sector is a sector with a greater potential gain from the rise of $BTC. $sats is the 1h buying point brought about by the daily stop loss. The cost-effectiveness of going long on sats is relatively high.
$NEIRO high-priced targets have started to pull back, so the next high-priced targets will have the risk of pullback. The pullback level of this wave of neiro is at least above the daily level, which means that it will fluctuate and pull back for more than a week.
Compared with the strength of #BTC,#ETHseems to be more cost-effective at this position. According to the historical experience of bull market correction, the general correction cannot fall below the MACD zero axis of the weekly line (for details, please refer to the previous bull market trend), but ETH has obviously fallen below it here. Based on the premise that the overall market (represented by BTC) is still in a bull market, then ETH needs to make up for the rise. Technical analysis is that the bottom of the daily line is constantly rising, and there is already a performance of capital absorption. At present, we are waiting for the expected trend of the golden cross on the daily line. The target here should be placed on the MA20 attachment at the weekly level.
$BTC's current market analysis needs to start from the daily rise from 52510 to 66450, and is currently in a correction after the daily rise. From the perspective of technical analysis, the first wave of correction did not reach the 50%-61.8% range, indicating two signals. The first is that the rhythm trend at the daily level is strong, and the second is that the space for correction here is not enough. Therefore, from the perspective of time for space, the probability of effectively breaking through 66450 in a short time is low, and the probability is that it will go to the second 4h interval band. In summary, in pursuit of a certain mid-line trend, either wait for the cost-effective range of 57835-59480, or wait for the right signal after the second 4h interval band.
$BTC The good news from the weekly chart is that there is a signal to stop the decline on the left side, but the bad news is that the adjustment time is not enough. Technically, refer to the adjustment range and pattern on the left. So in terms of time, it will take about the end of the month or even October to slowly climb to the right, and then reflect in advance some time before the election. Personally, I think this wave of altcoins may show up in advance, and many coins are ready to move.
I don't know how you feel, but at least in recent times, the trend of $sol has been much weaker than most people expected. During the last wave of market rebound, some panic money was sucked into the sol system, which makes the car feel a bit heavy now. The market has a characteristic that when most people are optimistic, there is a risk of a market shakeout.
Recommended target: $BB, a rare bottom sideways altcoin. The sideways trading here refers to the low point on the left side. Many altcoins are new lows. If compared horizontally, the concentration of chips will be high, and there is also a support structure for absorbing chips at a small level. Given that the market is still running on the left side, it is recommended that you build a spot position in batches at this stage, and you can add positions on the right side, so that you will not be at a loss even if the market accelerates negative news. Sufficient trial and error cost.
From a predictive point of view, a new round of upward trend in the market is slowly brewing, and the bottom is polished out over time. The weekly line will be adjusted again here to drive the bottom MACD to smooth out in preparation for the golden cross. No matter where the weekly line can go, there is a trend at the daily level.
$btc The arc bottom of the daily line is slowly forming. The rhythm in the short term is mainly based on shock callbacks. The time node of the shock is almost when the interest rate cut is announced in September, and the market will fluctuate violently again.
Figure 2 is the reversal after the decline before the New Year. Do you feel that this wave of rebound in $btc is slowly taking shape as the prototype of this trend?
From the weekly chart of $BTC, there is basically no big market in the short term, and the daily line has started to fluctuate for a long time. There is a high probability that it will fluctuate back to near the zero axis or even below. However, the sideways fluctuation of BTC will give many copycats the opportunity to perform.
From the daily chart of $btc, the first wave of rebound quickly reached 61.8%, and it is currently fluctuating between 50% and 61.8%. With the continuous sideways movement for several days, the daily MACD also showed a golden cross, and the rebound rhythm is quite obvious. The main rhythm of the market will be mainly low-long, and the probability of a sharp drop in the short term is low. The first key position is around 59,500. The second key position is 57,000.
$btc The next big market seems to have to wait for the weekly correction, which will take longer. The good news that may appear in the middle will be the same as the previous wave of rising market, and the daily line will fall back after rising. The point of concern here is around 54000 (left low point), and the second weekly low point should appear in the form of a pin.
Try to find a coin that has its own independent trend. It is difficult to form an efficient and strong upward potential by following the big cake. There is a high probability that there will be a strong pull-up in the future for $G.
Judging from the weekly chart of $btc, the next major uptrend will have to wait until at least after the weekly adjustment. The main reference standard is that the macd here goes close to the zero axis and then rises to form a wave of market conditions. Otherwise, it is likely to oscillate in this large daily box, but it will give the copycat a chance to rebound.
$G is one of the few coins that started to rise slowly at the 4h level in advance. Most coins are still following BTC in a sideways oscillation. When BTC starts to rebound upward, G will perform strongly.
$BTC daily line closed completely within the track for the first time, and the 4h line began to show signs of stabilization and leveling. The probability of a rebound at the 4h level is increasing. However, under the pressure of a large-scale decline, the probability of a rebound in the form of a sharp rise and slow fall is high. The integer level of 60,000 should become a short-term pressure point.