The short power in the current market has been significantly weakened. Every time they try to suppress the market through adverse factors, the effect is not significant. The U.S. government’s economic strategy adjustments and Mentougou’s selling behavior failed to attract the market’s attention to another important group—miners. Why are they ignored? The reason is that they have increased their holdings of digital assets and firmly believe that in the coming August, the price will exceed the 80,000 mark.
The time has come when this trend is so powerful that even Jesus may not be able to stop it.
I firmly believe this and am ready for a possible short sell at 64900. This is not an unfounded prediction, I already conducted a rational analysis on Monday. Looking back at Thursday's daily chart, we can see a pin move, followed by an uptrend on Friday. This suggests that the 63,000 to 64,000 range will form strong support.
However, I didn't just wait passively, but I was fully prepared. I will stand firmly at 64900. This is not only my expected trading point, but also a reflection of my firm belief in the market trend. I will never retreat from this position, because I know that only by persisting can I witness the final victory. Regarding the market trend, I maintain a rational analysis attitude and firmly believe that our judgment is correct. No matter how the market changes, I will stick to my strategy and wait for that day to come.
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