Market Analysis 8.31

Good morning, brothers. Yesterday’s data was positive and the price fell.

Tens of thousands of BTC in Mentougou are waiting there.

As long as it is pulled up, they will take the opportunity to sell it down. The market funds cannot catch it.

In addition, the Gaza peace talks are heading for collapse.

It is expected to fluctuate over the weekend. If it breaks through $60,000, don’t chase it.

There is no big reason for BTC to rise now.

If the remaining 30,000 BTC in Mentougou continues to be processed,

it may fall to $55,000 under the stimulation of the selling pressure in Mentougou.

But if these 30,000 BTC do not move, then there is no need to worry too much.

At the beginning of this month, we said that BTC's selling pressure and volatility would continue until October. Now it seems to be about the same. This kind of market is more difficult to trade, so you can do some swing trading because the big trend has not yet arrived. It fell just after chasing a high. It went up just after cutting a meat. Possible future trend deduction: BTC continued to fluctuate, up and down, for more than half a month. It announced a rate cut in September, then rushed up and stabilized and continued to fluctuate. #BTC #美联储何时降息？ #MtGox钱包动态 $BTC