In the article on 8.24, I emphasized Powell's speech at the global Central Bank annual meeting, expressing affirmation of the rate cut in September. Last Friday, the BTC market completed a pump in the Asian session, continued in the European session, the pullback before and after the American session was a trap for short positions, and then after breaking through 62000, it quickly fell back to 61000 and accelerated the pump, eventually reaching the 65000 mark.
Last Friday, BTC slowly rose throughout the day and accelerated during the US session, recovering the morning drop on Thursday! However, reaching 65,000 once again caused the market to become bullish. Due to the pump on Friday and the expected rate cut by the Fed, the view of chasing rising prices began to pile up. I am bullish but not chasing rising prices, especially since there was no substantial breakthrough of 65,000 during the Asian session today.
And, during this pump process, there is a need for adjustment or correction in the daily candlestick, which is why I opened a short position at 64000. Only the Asian session pumps, the European session continues, then there is an opportunity to go long in the American session, or if the Asian session adjusts, whether the European session can break through the high point of the Asian session and consider entering a long position after the pullback. #BTC #ETH #比特币 In other words, as long as the above conditions are not met, there is no need to chase rising prices, and currently there is room for a pullback in the trend. The Asian market may continue to decline after falling, or fluctuate in the European market after falling, and the American market often continues to decline. Below, follow the low point at 63000 and the last pullback support at 62500 from last Friday. Once breached, further follow at 62000 and 60800. Without reaching above 64600, it is recommended to give up chasing rising prices. It is recommended to follow my homepage to get more real-time analysis and trading strategy information in order to better grasp market dynamics and investment opportunities.
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8.26BTC successfully sold as scheduled for profit.
#DOGS上线后市值能否超过PEPE市值?
#九月降息预期下,BTC能否大涨?
In the article on 8.24, I emphasized Powell's speech at the global Central Bank annual meeting, expressing affirmation of the rate cut in September. Last Friday, the BTC market completed a pump in the Asian session, continued in the European session, the pullback before and after the American session was a trap for short positions, and then after breaking through 62000, it quickly fell back to 61000 and accelerated the pump, eventually reaching the 65000 mark.
Last Friday, BTC slowly rose throughout the day and accelerated during the US session, recovering the morning drop on Thursday! However, reaching 65,000 once again caused the market to become bullish. Due to the pump on Friday and the expected rate cut by the Fed, the view of chasing rising prices began to pile up. I am bullish but not chasing rising prices, especially since there was no substantial breakthrough of 65,000 during the Asian session today.
And, during this pump process, there is a need for adjustment or correction in the daily candlestick, which is why I opened a short position at 64000. Only the Asian session pumps, the European session continues, then there is an opportunity to go long in the American session, or if the Asian session adjusts, whether the European session can break through the high point of the Asian session and consider entering a long position after the pullback.
#BTC #ETH #比特币
In other words, as long as the above conditions are not met, there is no need to chase rising prices, and currently there is room for a pullback in the trend. The Asian market may continue to decline after falling, or fluctuate in the European market after falling, and the American market often continues to decline. Below, follow the low point at 63000 and the last pullback support at 62500 from last Friday. Once breached, further follow at 62000 and 60800. Without reaching above 64600, it is recommended to give up chasing rising prices. It is recommended to follow my homepage to get more real-time analysis and trading strategy information in order to better grasp market dynamics and investment opportunities.