9-17 Market Analysis
Yesterday's wave of correction deceived many brothers again; the points remained unchanged while the positions were lost.
The key to the current market is not just watching the candlestick chart, but whether one can see the trend clearly.
The U.S. budget deficit is exaggerated, global currency is flooding, fiat currency is depreciating, and the Federal Reserve's rate-cutting channel has already opened.
Three major logic supports the foundation of this bull market. According to on-chain detection, a new wallet has a cost of 110,000 USD, purchasing 5,817 pieces $BTC , and the institutional building cost is not much different from the current price, with stablecoins continuously flowing into exchanges.
Therefore, I personally believe that this bull market may continue until the first half of next year.
Hold onto your chips well and don't get deceived and exit the market.
