August concludes perfectly, and the season of 'Golden September and Silver October' arrives!

What has passed is either joy or sorrow, and as September begins, we will welcome new market fluctuations. September is extremely important for the cryptocurrency sector!

In the current environment, more people are not optimistic about the current market situation, believing that there will be a significant drop, at least one more crash before a bull market begins. As for where it will drop to, and where to bottom out before the bull market, everyone has their own views on this. Based on long-term predictions and historical patterns, a second bottom or the arrival of a bottom position is likely to occur soon, possibly before November this year.

Rest assured, the second bottom will definitely not rebound like the first time, where it spiked and directly bounced back. The truly despairing market is one that continues to fall without a rebound, leading the market to never know where the bottom is. This will cause panic and despair in the market, prompting people to cut losses and exit, allowing the big players to accumulate shares, preparing for subsequent rises.

Traditionally, September may not be the most favored month by the market, compounded by Bitcoin currently hovering in a somewhat awkward price range, making it difficult to ignite widespread and enthusiastic market participation. However, the market is always full of unknowns and variables, and its charm lies in this. Looking back at the beginning of August, many observers in the market may not have anticipated that sudden crash would be so shocking. This past experience reminds us that even seemingly the most rational predictions can appear powerless in the face of an unpredictable market.

From the current chart perspective, although the market is maintaining a horizontal consolidation trend in the short term, I have previously mentioned that this is a state of horizontal decline. The current position of the market is very friendly for bulls. With the monthly and daily closing lines approaching, there is no room for a change in trend now; everything will soon settle down. Moreover, the support below is relatively strong. After the weekend's volatile adjustment, the upcoming market will likely first test the upward pressure platform. The daily and four-hour channels are both closing in to form a bottom, so be patient and wait for an increase in trading volume during the session! #九月加密市场能否突破？ $BTC