This weekend, the weather is gloomy due to a low pressure system, and the market is the same, right everyone? 😆
Let's look back with the group!!!
💥 Although the group has already compiled 2 previous articles about T9+10 of major account $BTC $ETH since the end of T8, surely the last 2 weeks everyone couldn't avoid feeling anxious and frustrated. In fact, that is understandable, because we are currently in the most boring and "deceptive" phase of the cycle 😁
💥 Low liquidity, unpredictable volatility:
After a series of hot news (ETF, ADP, NFP…), the market fell into a “wait & see” state --→ vol decreased, short-term movements mainly due to the big players controlling.
--→ sideways attraction in a narrow range, it’s the same for the girls. Standing still all day - right at the most important moment 😁
💥 When movements happen, some panic, while others feel bored. But that is a psychological trap, “deceiving” retail traders, the group has mentioned it many times:
Big players create fakeouts in both directions: pushing through support and then pulling back, or touching/breaking resistance and then dumping.
--→ Most will see the Altcoin Index ~60 and FOMO into altcoins, but BTC.D is still high --→ altcoins are easily “dumped back” --→ so in the past few months, everyone noticed that the group didn't often mention it, but in the past few weeks, it has been continuously mentioned: BTC.D; ETH/BTC; Altcoin index for everyone to monitor, adding more insights.
💥 Macroeconomics hanging in the balance:
From 6-15/9, there are many important news: CPI, PPI (9-11/9), FOMC (16-17/9).
--→ The market hasn't dared to choose a clear direction before having data --→ further creating a waiting + doubting atmosphere.
💥💥 Previous cycles (2017, 2021, 2024), early T9 is also a phase of contention --→ not yet a bull run, not necessarily a bear --→ This is a phase that can easily make newcomers lose patience, cut losses at the bottom or FOMO at the peak.
--→→ Patience & alertness are the most important right now, everyone!!!
--- Love all ---
