"History does not simply repeat itself, but it always carries the same rhyme — last August, the Federal Reserve urgently cut interest rates to save the market, and the same script is now on a countdown!"
Matrixport's report states two things:
Technical Analysis: The iron bottom of 112000 USD has been breached, which is equivalent to a city gate being lost, and the bears are celebrating.
News Front: August is typically the 'ghost month' for the crypto world, and this year it coincides with the explosive U.S. employment data, adding fuel to the fire.
But seasoned investors understand:
Breaking below support is not necessarily the end! Last August, after Bitcoin plummeted 20%, the Federal Reserve suddenly cut rates by 50 basis points, surging 15% in a single day! Now the market bets on a rate cut in September, and the big players may be playing a classic 'kill long, blow short' game.
Currently, we must strictly adhere to three military rules:
① Stop Loss, Don't Be Stubborn: If the market breaks again and rebounds to no more than 112000, immediately reduce your position (how many people stubbornly held the 'iron bottom' at 80 dollars before last year's LUNA crash? Resulted in zero!)
② Bottom Fishing Strategy: Place orders in three batches (108000/105000/100000), each with 5% of the position, double the amount if it breaks below the whole number.
③ Keep an Eye on the Federal Reserve: Stock up on USDT and wait for news.