Qingmei Zhubi: Bitcoin is either rising or falling, it can’t stay still
Qingmei Zhubi: Bitcoin is either rising or falling, it can’t stay still
Bitcoin has pulled back to the downward trend line again, which may also be the upper edge of the large triangle. In terms of indicators, there are signs of a secondary top divergence in the 4-hour chart, and it is not appropriate to close with a negative line again. The interest rate cut will be finalized in the early morning, and the rise and fall are unclear. Judging from the K-line alone, the daily line + 3-day line + weekly line have bottom divergence. If there is no big rise, there will be a big fall. The sideways trend is basically unstoppable. A big rise would mean reaching 70,000, or challenging the high of 73,700. The big drop will test the support between 43,000 and 45,000. Japan will hold its interest rate meeting on Friday. If it raises interest rates again, it could become a black swan and things will become very difficult to predict.
The probability of the Federal Reserve cutting interest rates by 50 basis points is greater than that of cutting by 25 basis points. If it cuts by 50 basis points, it means that the risk of economic recession is relatively high.
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Qingmeizhubi: Bitcoin is on the edge of a cliff, and the ETH exchange rate has broken!
Bitcoin Market In the previous article, "Qingmei Zhubi: If there is a waterfall, where will Bitcoin fall?", today we will take a look at the situation from the weekly level.
Judging from the weekly structure of Bitcoin, the market has reached the edge of bullish support again. Throughout the history of Bitcoin, the structures of the three blue circles are similar, and the red circle is more special. At that time, 312 occurred, and Bitcoin fell below both the blue circle and the red circle. I wonder if this time will be an exception? Ethereum Market
The exchange rate of ETH to BTC fell below the important support of 0.04 (arithmetic coordinate trend line + pattern neckline), and the weekly and daily closings fell below it. The medium and long-term trend of ETH has become very unclear.
Bitcoin closed negative for three consecutive days, forming a bearish structure of three crows, and at the same time fell below the rising trend line, so the decline should not be over yet. #BTC走势预测
Judging from the weekly structure of Bitcoin, the market has reached the edge of bullish support. In the entire history of Bitcoin, the structures of the three blue circles are similar, and the red circle is more special. At that time, 312 occurred. Whether it was the blue circle or the red circle, Bitcoin fell below it. I wonder if this time will be an exception? #BTC走势预测
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Qingmeizhubi: Bitcoin is on the edge of a cliff, and the ETH exchange rate has broken!
Bitcoin Market In the previous article, "Qingmei Zhubi: If there is a waterfall, where will Bitcoin fall?", today we will take a look at the situation from the weekly level.
Judging from the weekly structure of Bitcoin, the market has reached the edge of bullish support again. Throughout the history of Bitcoin, the structures of the three blue circles are similar, and the red circle is more special. At that time, 312 occurred, and Bitcoin fell below both the blue circle and the red circle. I wonder if this time will be an exception? Ethereum Market
The exchange rate of ETH to BTC fell below the important support of 0.04 (arithmetic coordinate trend line + pattern neckline), and the weekly and daily closings fell below it. The medium and long-term trend of ETH has become very unclear.
The Federal Reserve is going to cut interest rates this week, but the weird thing is that whether it’s a 25% or 50% cut, it’s unclear whether the market will fall or rise.
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Qingmeizhubi: Bitcoin is on the edge of a cliff, and the ETH exchange rate has broken!
Bitcoin Market In the previous article, "Qingmei Zhubi: If there is a waterfall, where will Bitcoin fall?", today we will take a look at the situation from the weekly level.
Judging from the weekly structure of Bitcoin, the market has reached the edge of bullish support again. Throughout the history of Bitcoin, the structures of the three blue circles are similar, and the red circle is more special. At that time, 312 occurred, and Bitcoin fell below both the blue circle and the red circle. I wonder if this time will be an exception? Ethereum Market
The exchange rate of ETH to BTC fell below the important support of 0.04 (arithmetic coordinate trend line + pattern neckline), and the weekly and daily closings fell below it. The medium and long-term trend of ETH has become very unclear.
Qingmeizhubi: Bitcoin is on the edge of a cliff, and the ETH exchange rate has broken!
Bitcoin Market In the previous article, "Qingmei Zhubi: If there is a waterfall, where will Bitcoin fall?", today we will take a look at the situation from the weekly level.
Judging from the weekly structure of Bitcoin, the market has reached the edge of bullish support again. Throughout the history of Bitcoin, the structures of the three blue circles are similar, and the red circle is more special. At that time, 312 occurred, and Bitcoin fell below both the blue circle and the red circle. I wonder if this time will be an exception? Ethereum Market
The exchange rate of ETH to BTC fell below the important support of 0.04 (arithmetic coordinate trend line + pattern neckline), and the weekly and daily closings fell below it. The medium and long-term trend of ETH has become very unclear.
The exchange rate of ETH to BTC fell below the important support of 0.04 (trend line + pattern neckline), and the weekly and daily closings fell below it, and the medium and long-term trend of ETH became very unclear. There was no support at this important support, and Vitalik and the ETH Foundation were still selling coins, which increased market concerns. It is not clear what happened to ETH, but I am not too optimistic about ETH and the ETH ecosystem. #eth
Things to do next week Monday 20:30, US New York Fed manufacturing index for September; Tuesday 20:30, US retail sales monthly rate for August; Wednesday 14:00, UK CPI monthly rate for August, UK retail price index monthly rate for August; Thursday 2:00, Fed announces interest rate decision and economic forecast summary; Thursday 2:30, Fed Chairman Powell holds monetary policy press conference; Thursday 20:30, US initial jobless claims for the week ending September 14, US Philadelphia Fed manufacturing index for September; Friday 11:00, Bank of Japan announces interest rate decision; Friday 14:30, Bank of Japan Governor Kazuo Ueda holds monetary policy press conference.
As of August 2024, RMB M2 has officially exceeded 300 trillion, not only exceeding the US dollar, but also the euro, and even the sum of the US dollar and the euro. If the RMB can be freely convertible, the exchange rate will be sky-high. Therefore, even if you don't speculate in cryptocurrencies, exchanging some USDT can also play a role in hedging risks. #usdt
Bitcoin fluctuates at the hourly level and shows a top divergence, but at the same time, the daily line confirms a bottom divergence + MACD golden cross. According to the principle of small cycles serving large cycles, the subsequent market is more likely to rise. From the perspective of the Gubi line, the market has come to the pressure zone of the long-term moving average group, and the market needs to increase volume and long positive to pass. #BTC走势预测
There is such a paradox in life. The prerequisite for gaining a sense of security is to completely let go of the need for security and to dare to push yourself into an unknown realm. The pressure brought by fluctuations will enhance one's own anti-fragility.
From the perspective of mining cost: There are different opinions about the mining cost of Bitcoin, some say it is $42,000, some say it is $45,000, but if we look at it more broadly, if Bitcoin falls to $45,000, most Bitcoin mining machines on the market will reach the shutdown price. #BTC走势预测
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Qingmeizhubi: If there is a waterfall, where will Bitcoin fall?
On the eve of the interest rate cut, undercurrents surged and the market's risk aversion sentiment was very serious, which caused the overall market to continue to fall. The previous article "Qingmei Zhubi: Analyzing ETH's possible target position from two perspectives" gave the possible range of ETH falling to 2000 - 2200. The actual position it fell to yesterday was 2150, which was in line with expectations.
Bitcoin Market Since it is the weekend, Bitcoin has not rebounded in this round of decline, and the indicators have diverged from the bottom many times, so the probability of a rebound on the weekend is relatively high. However, considering that there will be CPI next week and the interest rate may be cut in the early morning of September 19, the probability of a subsequent decline or even a new low is relatively high.
As shown in the figure, the middle track of the Bitcoin monthly line is supported at around $44,000.
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Qingmeizhubi: If there is a waterfall, where will Bitcoin fall?
On the eve of the interest rate cut, undercurrents surged and the market's risk aversion sentiment was very serious, which caused the overall market to continue to fall. The previous article "Qingmei Zhubi: Analyzing ETH's possible target position from two perspectives" gave the possible range of ETH falling to 2000 - 2200. The actual position it fell to yesterday was 2150, which was in line with expectations.
Bitcoin Market Since it is the weekend, Bitcoin has not rebounded in this round of decline, and the indicators have diverged from the bottom many times, so the probability of a rebound on the weekend is relatively high. However, considering that there will be CPI next week and the interest rate may be cut in the early morning of September 19, the probability of a subsequent decline or even a new low is relatively high.
The distribution of chips of Bitcoin since 25,000, the core chip concentration support level is 42,800 US dollars, and the range of this median chip peak is about 41,000 US dollars-45,000 US dollars. #BTC走势预测
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Qingmeizhubi: If there is a waterfall, where will Bitcoin fall?
On the eve of the interest rate cut, undercurrents surged and the market's risk aversion sentiment was very serious, which caused the overall market to continue to fall. The previous article "Qingmei Zhubi: Analyzing ETH's possible target position from two perspectives" gave the possible range of ETH falling to 2000 - 2200. The actual position it fell to yesterday was 2150, which was in line with expectations.
Bitcoin Market Since it is the weekend, Bitcoin has not rebounded in this round of decline, and the indicators have diverged from the bottom many times, so the probability of a rebound on the weekend is relatively high. However, considering that there will be CPI next week and the interest rate may be cut in the early morning of September 19, the probability of a subsequent decline or even a new low is relatively high.
Qingmeizhubi: If there is a waterfall, where will Bitcoin fall?
On the eve of the interest rate cut, undercurrents surged and the market's risk aversion sentiment was very serious, which caused the overall market to continue to fall. The previous article "Qingmei Zhubi: Analyzing ETH's possible target position from two perspectives" gave the possible range of ETH falling to 2000 - 2200. The actual position it fell to yesterday was 2150, which was in line with expectations.
Bitcoin Market Since it is the weekend, Bitcoin has not rebounded in this round of decline, and the indicators have diverged from the bottom many times, so the probability of a rebound on the weekend is relatively high. However, considering that there will be CPI next week and the interest rate may be cut in the early morning of September 19, the probability of a subsequent decline or even a new low is relatively high.