At two o'clock in the morning, it is a sleepless night for the money market. The market expects that the first drop of 50bp may not be ruled out. The battle is coming, are you ready! ?
Since March, Bitcoin has fluctuated between 50,000 and 70,000, and 60,000 is right in the middle.
In terms of probability, the possibility of a short squeeze starting from here is quite high. From 52k to now, there has been a standard 5 waves, and this weekend's callback is also an ABC adjustment.
Let me remind you again, I have been talking about this wave of increase from 61000 to 62000 for a few days. Now it is very close to the position of inducing more buying, so everyone must be careful!
I have been waiting since 8:00 am, and it has been shaking all day. Finally, it has some effect. I think it is reliable to deduct 1 wave, five seats, and strive to reach 400% before National Day.
Good evening, I'm back to share with you the latest
We have completed 4 waves here, and the fifth wave may evolve into a terminal wedge, which should be between 61000-61500. After reaching the point, it will fill the CME gap and return to 54000. Let's wait and see.
Btc's short-term support is around 56500. It pulled back last night and is now at the second downward support level. This wave should fluctuate widely between 57k-62k, and basically it will reverse once it stops.
At present, you can try to go long in the range of 56650-56000, but I am not optimistic that it will fall further below the lower level.
The divergence from 65,000 mentioned on 8.27 (Figure 1) has been verified. Let's take a look at the current situation:
Now I think there will be a local low point near 56k (Figure 2), which is very similar to the three high fluctuations in July, forming a triple top, rising to the local high point again and again and then falling back to the origin.
Figure 3 shows that there are still many exaggerations above 50x, and there is a high probability that they will be liquidated.
Combined with the above, I think it is very likely to reach 55k first, then pull up, and then return to the origin
I know a wealthy man who is financially free. He has absolute wealth, but he always stays at home reading books, never travels, and rarely attends parties or enjoys food.
I asked him why he did this, and he explained:
"In the real world, there are not many opportunities to meet smart people. Most people are ordinary people and don't have any unique insights. But books are different. They are full of sparks of wisdom. Today I can communicate with Confucius, Mencius, Li Bai, and Su Dongpo, and tomorrow I can understand the thoughts of Roosevelt, Churchill, Socrates, and Plato, and I can also study the achievements of Newton and Maxwell, as well as the philosophy of Descartes.
In contrast, traveling, partying, and enjoying food cannot be compared with the gains brought by reading."