Has the bull market really ended? This wave can help you avoid 99% of the traps!
Recently, some in the crypto world have been cursing and jumping up and down, but data doesn't lie: $BTC has passed more than 480 days since the halving in April 2024, while each bull market cycle lasts about 530 days. Now the daily line has broken below the lifeline, the weekly line shows a top divergence, and the moving averages are about to form a dead cross... the bear market could be very fierce!
Are you still thinking that the interest rate cut in September is a lifeline? Although Powell may indeed cut rates, BTC has already broken the previous high support level, and altcoins are bleeding profusely; even if the US stock market rises due to interest rate cuts, BTC will at most just follow the rebound, which cannot change the overall trend!
Right now, don't catch the falling knife in spot trading; you need to watch the price as it moves; for short-term trading, go long on BTC with a stop loss at 109,000, and aim for 111,000. The MACD on the weekly level has already formed a dead cross, and 100,000 may not hold...
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