9.5BTC market analysis

The decline of Bitcoin has reached 30% this year, and the decline cycle has begun. Although the market expects that the United States will raise interest rates in September, this is only a drop in the bucket for bulls, just like jumping out of a deep pit is very difficult. Friends who plan for the medium and long term must grasp the general trend to operate. Bitcoin has been weak in recent days, and the price has continued to fluctuate and fall. Since there is no sign of stabilization below, the 50,000 position will be tested later. In the short term, it is mainly short-selling.

Operation ideas:

It is recommended to rebound to 57,500-58,000 short orders, target 56,500-56,000, stop loss 58,500

The strategy is for reference only. Please control your position and take profit and stop loss!