Friends who have no confidence in the market and are about to be washed out, please remember to follow me, recharge your faith from time to time, and analyze the spot password#!
Without further ado, let’s get to the point~
1. First of all, events in September: The U.S. House of Representatives plans to hold multiple cryptocurrency hearings in September. The first hearing on September 10 will be a subcommittee review of DeFi. On September 18, there will be a hearing on the enforcement practices of the U.S. Securities and Exchange Commission and the "pig killing" scam, as well as a meeting on interest rate cuts on the 18th. The full committee hearing on September 23 may have the greatest impact on cryptocurrency. Zhao Changpeng is expected to be released on September 29.
2. The lack of liquidity may continue until September, which is also the last wash-out rise. September will continue to see sharp rises and falls to clear most of the leverage. The continued panic is the best time to grind the bottom and absorb funds.
3. The main wave is expected to start between October and November. Seizing this unilateral rise is the easiest way to make money. The big wave that started in October last year accurately rose from 26,700 to 49,000 when the ETF was listed, and then from 48,000 back to 38,600 and rose to 73,000 in March. I hope that the same will happen in the fourth quarter of this year. Especially the catalyst of the US election on November 8, it is expected that there will be a wave of good news released before and after the election.
Summary: There is a saying in the cryptocurrency circle that there is a "September curse", and the market tends to fall in September every year. Historical data shows that in the past 11 years, Bitcoin has fallen 8 times in September, with a probability of up to 72%. This time, the market is expected to fluctuate in September$BTC