📊 Bitcoin (BTC) Technical Analysis
🔻 The daily line rebounded around 60,000 after two dips, but the strength was insufficient.
🔺 Key pressure levels: 61,796 & 62,408
🔻 Support levels: 60,000 (buffer support) & 58,200 (effective support)
⚠ ​​If the rebound is weak, the price may drop to 58,200, and the technical downside risk is still high.
💡 Investors need to pay attention to market sentiment and trading volume and do a good job of risk management.#Bitcoin#BTC☀ #Cryptocurrency

The next $SUI is $SEI , the first target is 0.58/0.6#SEI.智能策略库🥇🥇

Since the Fed cut interest rates, many people have claimed that the Bitcoin bull market has arrived. However, from the perspective of technical graphics, it is too early to assert at this moment. Bitcoin's price trend has not yet achieved a real breakthrough and is still running in a large box. From the daily chart, we need to be wary of the risk of short selling. In the short term, its fluctuation range will remain between 60,000 and 67,000. When trading contracts, be sure to pay attention to the control of position risks. #BTC☀ $BTC

V God broke up, and then immediately found a new girlfriend, waiting for the name of the new girlfriend. Another local dog, rush #meme板块关注热点

SUI has surged 65% in the past 14 days, driven by Grayscale's new SUI index fund and Circle's plans to launch USDC on the Sui blockchain. Although 30% below its all-time high, SUI's market cap is now over $4 billion, a new high. #sui链 $SUI

Celestia just announced an additional $100m in funding. Their token has reacted very positively Even though $TIA has only been down for a while and is probably overvalued at $20, the technology behind the project is still insane and the bull case for modular scaling is very strong

Bitcoin has been standing firmly above the 5-week moving average for two consecutive weeks. This week's trend is particularly critical! Bitcoin is under pressure from the 30-week moving average of 64,000, and is only one step away from breaking through. As long as Bitcoin can still hold above the 5-week moving average this week, it will be extremely beneficial to the subsequent upward trend. $BTC #BTC☀

Sharp rise and fall

#BTC☀ Today's closing is not good, and the risk of short-term highs and falls is very high. Don't rush to enter the market and go long at this time, and wait until the correction stabilizes before considering it. From a medium- and long-term perspective, it is bound to remain bullish, and the current decline is only a short-term behavior. Therefore, wait patiently for opportunities, there should still be opportunities to go long before the end of the month. $BTC

#sui链 SUI (TVL) jumped to $900 million, which puts it in 8th place in the total locked value ranking of all networks, which is really exciting. This achievement means that in just one year, its growth rate is as high as 3285%. As for whether it will rise further, the answer is undoubtedly possible, but for me, the current risk-reward ratio is not good. $SUI

Bitcoin is still showing a weak oscillation above the support. Since the rebound from the support position, the volume of the subsequent trend is slightly insufficient. The resistance at 63800 above is still large. If you want to break through this resistance position, you may need to make adjustments. Ethereum has successfully broken through the upper boundary of the oscillation range, but the volume is slightly weak, and it has tested the resistance position near 2600 above. Ethereum has started to pull back, and the next resistance position worth paying attention to is around 2700. $BTC $ETH #

The short-term structure is about to be completed. Once completed, the market will usher in a period of decline, but the magnitude is not expected to be too drastic. As for Ethereum, it is expected to reach the 2800 to 2859 range this month. Bitcoin has limited room for growth this month and may approach 65,000 again. Judging from the overall situation this month, after the structure is completed, there will inevitably be a certain amount of room for decline in the short term, and the magnitude will not be large, mainly completing the decline at the 1-hour and 4-hour levels. On the one hand, this trend is to clear a group of high-leverage longs, and on the other hand, it will also trap a group of shorts. By October, the market is expected to start a new round of fierce gains. #加密市场反弹 $BTC

Ethereum continues to rise, and Bitcoin is trading sideways at a high level. With the cover of copycats, the main force has not retreated yet. Only buy low, don't chase the rise, don't get carried away, and don't get trapped. #加密市场反弹 $BTC $ETH

Recently, the option trading of Bitcoin ETF was approved, which is undoubtedly a big news, but it does not seem to have attracted much attention. In the future, more institutions and investors are expected to flood into the market. With the increase in participants, the sharp fluctuations of Bitcoin may gradually decrease, and at the same time, the risk of black swan events and crashes is also expected to decrease. In the case of a bearish market, there is no need to sell ETFs, but you can directly buy put options for hedging, which will greatly increase the liquidity of the market. So, will the Bitcoin market start a decade-long bull market like the US stock market? #DODO助力Meme发行 #币安上线CATI $BTC

Last year, I remember my brothers were cursing #sui. Now, everyone praises it. It can be seen that every token is like garbage before it becomes a dazzling diamond. However, we don’t know when diamonds will become shit. Therefore, in life, we must not underestimate any token or any person, because there may be a time when a carp will leap over the dragon gate. #$BTC

At present, Bitcoin is squeezed by the sentiment. After falling for several consecutive months, it will eventually be stimulated. The market is in a value trough, which is enough to support the entry of the original funds.

Now we have short-term and medium-term expectations for Bitcoin. First, if quantitative easing is not launched this year, the market funds are not sufficient, and there is still a risk of collapse after the rise. It may be at the end of November or December, after the rise of Bitcoin, the doomsday chariot of the cottage will be launched, and the market will enter a stage of falling and rising, which will last until the announcement of quantitative easing next year. At this time, short-term long orders are shipped, and the market will harvest chips again.

From the timeline, we need to pay attention to risks in December. After Bitcoin hit 100,000, the cottage market had intermittent market conditions, but it was the end of the primary market, and the primary market was still hot when the secondary market was cleared due to quantitative easing. If Bitcoin does not fall below 55,000 this month, the monthly line will take off, and the cottage and Bitcoin are expected to rise by 40%-200%. This month is crucial. The emotional gains will be slowly cleared. If it does not fall below 61,000 in the near future, the market will still be emotional gains. Expect the market to stabilize. 64400 is an important pressure point for Bitcoin. If it does not fall below 61200, it can be used as a shock range. It is recommended to buy more because the interest rate cut will lead to an influx of funds. Global funds will enter the game. The election policy game also needs to pay attention to the drop after the good news is implemented. In November, when the election is held, Bitcoin may rush above 90,000 or even above 100,000. Spot traders can slowly increase their positions when the price falls. The target is around 59800 Bitcoin. It is expected to fall slowly. This is a good time to buy spot.

#加密市场回调

#BTC走势分析 #BTC☀
From the overall perspective, the trend structure of its diffusion pattern shows that the large-cycle market is in a state of chaos and lack of clear direction, and the game between bulls and bears is still difficult to distinguish.

Judging from the situation last week, the weekly price showed a slight decline, and it is very likely to continue the downward trend this week and set a new low.

Personally, this week's trading ideas are still mainly high-altitude $BTC

On Friday,#BTCrebounded after the plunge, but the magnitude and volume of the rebound were small. This shows that the current buying is relatively weak and there is no clear signal to stop the decline. Next week, BTC may continue to fall and test the low of 49,000.

Therefore, it is not suitable to conduct aggressive position building at this stage, but wait for a clear buying intervention signal to appear. #BTC走势分析 $BTC

Starting from next Monday, September 9, we have entered the critical point where we need to choose a direction.

The trends of Bitcoin, Nasdaq and Nvidia have all reached critical critical points. Bitcoin contract positions have been liquidated from 36 billion to 28.5 billion. If it continues to decline, 2-3 times low leverage will be liquidated to 20-22 billion.

In addition, the next week from September 9 is a period of intensive data release, and September 19 is the Fed's interest rate cut day. From September 9 to September 19, the future market will be extremely exciting. #BTC走势分析 #美国8月非农就业人数不及预期 $BTC