Chart update, the sketch of the big pie at position 7.5 has been completed.
The second pie has also reached the exchange position of multi-day line resistance and support, as well as the middle track of the monthly Bollinger Bands.
Before breaking the black trend line in Chart 1, I will not look towards lower positions. #eth $ETH
Retail investors, it's getting harder!\n$XRP 11 The start of November is not good, and November is traditionally a strong month, with an average increase of 42.49% for Bitcoin and a median of 8.81%. November is also the traditional end of the cycle, and whales are currently very cautious, with insufficient liquidity. A catalyst is needed to improve sentiment, so temporarily focus on the timing of the U.S. government reopening and discussions on the Federal Reserve stopping balance sheet reduction. #加密市场回调 $SOL \n\n
Continuing with my previous analysis, the last piece of information suggested that the price below 110,000 would rise again to 12.5-13, and then after about two months of fluctuations, it would drop to just over 100,000.
However, after reaching the target, it quickly completed the drop to the support level of 101,500 in just two weeks. There are two reasons for such a rapid drop: (1) After Bitcoin rose above 12.5, mainstream altcoins did not follow, and the market bullish rate reached 80%, leading to substantial costs for the main players; (2) Because of reason 1, the main players took advantage of the negative news regarding tariffs impacting the US stock market to manipulate the large-scale liquidation of mainstream altcoins.
Thus, there was no opportunity for fluctuations, and it dropped directly. My initial judgment was that after Bitcoin surged to 12.5, it would provide some recovery opportunities for valuable coins, and then drop to 10.15 for liquidation.
I also got liquidated in this wave; I, who have always been conservative, saw the high leverage in the market and the negative tariff news but did not decisively exit, paying the price.
Currently, Bitcoin and Ethereum have basically reached their targets, and others that carried leverage are likely to have also been liquidated. The market should now trend towards fluctuations and upward movements.
Continuing from the previous content, I would like to share my follow-up research insights.
In the previous share, I mentioned that the price of Bitcoin would break through the previous high on August 14th. The following chart represents my subsequent research thoughts.
After the price reaches the range of $125,000 - $130,000, it will begin to fluctuate for a period of two months, with the next decline expected at the end of November.
Yesterday, the lowest position has fully entered in advance, looking at the 90 positions of $avax
梨花猫虾哥
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The art of charts, AVAX, this relatively niche mainstream shows a pattern consistent with the previous consolidation structure. The short-term price breaks through the green moving average resistance high points in the chart, entering a bullish structure.
The market is currently between 10.8 and 12.5 (adjustment period), and the altcoin season is ongoing.
The art of charts, AVAX, this relatively niche mainstream shows a pattern consistent with the previous consolidation structure. The short-term price breaks through the green moving average resistance high points in the chart, entering a bullish structure.
The market is currently between 10.8 and 12.5 (adjustment period), and the altcoin season is ongoing.
Update Trend: First, let's say the conclusion, I currently do not believe that the bull market has ended, we are merely in an adjustment period.
I have repeatedly judged that the price would rise to $125,000 when it dropped to around $75,000, and this trend has clearly been successful, currently we are in the adjustment period after this trend.
As shown in the figure below, the current adjustment period may last until the first quarter of next year, with a low point around $100,000.
Perhaps you are already tired of this viewpoint, well, let’s talk about something you love to hear, each elliptical adjustment period in the chart represents a potential altcoin season opportunity.
I won't elaborate much on the short-term market, please refer to Chart 2 for main position references.
After analyzing the key support points in the previous article, there is currently a short-term fluctuation rebound. If the short-term rebound can continue, we can look at the big coin at 12.5 and the second coin at 5500-5800. The medium-term still remains in the adjustment cycle after the rise of 7.5-12.5, with caution as the main focus, and risk control being the priority during the adjustment cycle.
Altcoins repeatedly face bloodshed Altcoins rise insufficiently and fall excessively. The liquidity in the cryptocurrency market has experienced Bitcoin and Ethereum and mainstream assets, but has not reached altcoins. If the Federal Reserve lowers interest rates in September, the return of liquidity may be beneficial for the altcoin atmosphere. $ETH
A more cautious expectation is a rate cut twice this year, once in September or October, and once in December, totaling 50 basis points; a more optimistic expectation is a rate cut three times, totaling 75 basis points. The former is more likely. The market can accept 2-3 cuts, just waiting for Powell's statement on Friday. $ETH
Many people have started to panic about this market. Let me discuss it, and I'll still use the chart I drew before.
The price rose from the 7.5 I mentioned to the first expected position of 12.5 but couldn't break through, and the trend began to adjust.
The current trend cycle's 5-day linear indicator has broken below the strong zone, indicating that the market is blocked and weakening. The subsequent trend is highly likely to adjust, in which case the previous chart still applies. The bottom line for the adjustment is the black trend line in the chart. Overall, it is in a volatile trend, and after the adjustment, I still see a bullish trend with a second target of 14.5 million USD. #ETH质押退出动态观察 $ETH
After the rise reached the resistance of 125000, a long upper shadow was formed. The new daily line opened and pulled back to the upper edge of the bull flag, but in a bullish structure, this is a bullish formation, remaining optimistic. $BTC
Xia Ge has worked hard. If there is a rate cut in September, wouldn't that mean the good news becomes bad news? A single rate cut is bad news, while three rate cuts are good news. If there is only one cut, it cannot be considered good news; however, if there are three consecutive cuts, it indicates a trend of good news, which can be referenced from the three rate cuts from September to December last year. It is expected that there will be 3-5 rate cuts from now until mid-next year, which trends positively. We should pay attention to Powell's stance on rate cuts at the Jackson Hole annual meeting on August 21. At the same time, be aware of the risks. $BTC
US Treasury Secretary Besant calls for the Federal Reserve to initiate "compensatory" rate cuts, stating that interest rates should be lowered by 150-175 basis points, with a potential initial implementation of a 50 basis point "compensatory" cut in September, which could mark the beginning of consecutive rate cuts to compensate for the missed policy adjustment window earlier this summer. $BTC