Streaming ends at four in the morning, tonight you can shout comfortably, Bitcoin and Ethereum, we can have them all, how much you eat is a personal issue.
Alright, back to the point, many people in the live stream room are asking tonight:
Has the decline really bottomed out? Can we buy the dip?
To be honest, I don't know if we have hit the bottom,
If hitting the top and buying the dip were really that simple, would someone tell you?
This round of increase started on August 3rd, Bitcoin 1118-1245, Ethereum 3350-4790, some people shorted all the way up.
This round of correction started on August 14th, Bitcoin 1245-1130, Ethereum 4790-4100, some people went long all the way down.
Doesn't it always feel like something is wrong... Wouldn't it be better the other way around?
Currently, Bitcoin's key level is the previous low of 1118, which is also the starting point of this round's rise to 1245, so it can break below, but it must close back above; if it can't close back, the consequences are serious.
Similarly, Ethereum's key level of 4050 can allow for a drop below, but it must close back above; if it can't close back, it will be troublesome...
(There's a joke that four years ago I was stuck at 4800 for Ethereum, and four years later I'm stuck at 4800 again)
The recent hot state can last for a month, and this year I can just relax…