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📉 Bitcoin faces further decline? Analysts predict a break below key points
Since its historical peak, Bitcoin has fallen by more than 20% and has fallen by more than 3% again in the past seven days. Most of the gains from the previous rebound from the low of $49,000 have been lost. Trading volume has also decreased by 32%, and the market appears to be weaker. Although long-term value is still optimistic, market indicators suggest that there may be a larger correction.

🔍 Analysts predict a fall below $50,000
Markus Thielen, an analyst at 10x Research, pointed out that Bitcoin has fallen below the rising trend line, which usually indicates the possibility of further decline. He believes that Bitcoin's fall below $50,000 is inevitable. Another well-known analyst, Michael Van de Poppe, also believes that Bitcoin may fall to $53,000 or even $49,000, after which the market may usher in a rebound.

💡 Analysts at Glassnode predict that if Bitcoin falls further, $51,000 will become a key support level. This price is not only the average cost of the market, but also an important support point in history. If it can hold at this price, it may provide momentum for a rebound.

🌟 Bitcoin Outlook
Despite the continued decline in prices, some key indexes suggest that a rebound may be imminent. The Crypto Fear and Greed Index shows that market sentiment has fallen to the fear level, which may mean that the bottom is coming. Quinn Thompson of Lekker Capital pointed out that when market sentiment reaches fear, it often indicates the formation of a bottom.

📊 Historical data supports the rebound view
According to data from CoinDesk, when the Crypto Fear and Greed Index fell to 25 in July, Bitcoin climbed from a low of $53,000 to $70,000. In early August, when the index fell to 17, Bitcoin rebounded 32% from a low of $49,000 to $65,000. These data provide historical support for the market rebound.

[Disclaimer] Investment is risky, and this article does not constitute investment advice. Investors should judge the applicability of the information based on their own circumstances and assume their own investment responsibilities. $BTC $BNB #Telegram创始人获保释 #BNBChainMemeCoin #美联储何时降息？

🚨 The US stock market has seen a huge evaporation, can Bitcoin hold its ground?

😰 The recent turmoil in the stock market is worrisome! Overnight, the US stock market lost as much as $1.05 trillion in market value, setting a record for the largest single-day drop in recent years. Weak economic indicators and the struggles of major companies have undoubtedly made investors anxious.
📈 The Dow Jones Industrial Average faced a heavy blow at the opening, closing down more than 2%. The trigger for this sharp decline was the poor manufacturing data, which has shown contraction for five consecutive months. The S&P 500 also dropped about 2.4%, with technology stocks being the hardest hit, and Nvidia's stock plummeting by 9.5%.
📊 The Nasdaq Composite Index's decline reached nearly 3.5%, marking the most devastating day since early August. Due to the significant weight of technology stocks, especially the collapse of Nvidia's stock price, this index suffered severe damage.
🔍 However, amidst the chaos in the stock market, cryptocurrencies like Bitcoin and Ethereum demonstrated some resilience. Bitcoin's price fell by nearly 3%, to about $56,800, while Ethereum dropped below the $2,500 mark.

🌟 Although the market has performed poorly recently, Bitcoin's market value remains stable at around $1.34 trillion, with an annual return rate exceeding 115%. Despite the unclear market outlook in the short term, some analysts are cautiously optimistic about the upcoming US elections and the repayment plan for FTX creditors amounting to $14.5 billion.
🤔 Currently, investors are focused on the next round of economic reports and the upcoming political events. The $1.05 trillion loss in the US stock market highlights the uncertainty, and investors are trying to adapt to the weak economic data and the significant fluctuations in major company stock prices. $SOL $BIFI #英伟达财报 #BNBChainMemeCoin

🚨 Three highlights of today's market!
⚡️🐋 Whale action!
1. Large transactions in the market!
A big investor spent 12.11 million US dollars at a price of 2,378 US dollars to buy 5,092 Ethereum.
It is worth noting that the previous operation of this big whale was also eye-catching. He once increased his holdings of 3,586 Ethereum to 5,515.
His bottom-picking strategy is quite accurate. Does this indicate that there will be big moves in the market in October? Let's wait and see and be prepared!
2. Institutional investors are also actively deploying!
Just now, the mysterious big investor who invested more than 72 million US dollars in WBTC and AAVE in August made another move.
In just two minutes, he increased his holdings by 50,605 AAVE.
This move shows their strong confidence in AAVE and believes that it has excellent anti-fall ability.
Investors may also pay attention to this trend.
3. The flow of funds in Bitcoin and Ethereum ETFs is worth paying attention to!
Recently, both Bitcoin ETF and Ethereum spot ETF have seen net outflows.
Bitcoin ETF had a net outflow of $37.29 million yesterday, while Ethereum spot ETF had a net outflow of $37.5078 million.
The market is looking forward to a shift in capital flows, and the emergence of net inflows may indicate that the market is stabilizing.
Let's continue to pay attention to the development of this trend! $ETH $BTC #非农就业数据即将公布 #BTC走势分析

The global capital market has generally shown a downward trend recently, and the main reason behind this is the concern that the US economy may fall into recession. The latest ISM manufacturing index for August was 47.2, lower than the market's previous expectation of 47.5, and the PMI data also fell short of expectations. The weak performance of these economic indicators has exacerbated investors' concerns.

In the cryptocurrency market, some people believe that the economic downturn may prompt the Federal Reserve to continue to raise interest rates this month, which they see as a positive signal. However, from a macroeconomic perspective, this is a disadvantage because it may put pressure on the US stock market and ultimately affect the cryptocurrency market.

Whether raising interest rates can solve the current economic problems is a complex and multifaceted question. If you have any questions about this, you can refer to yesterday's article, which has already discussed this topic in depth.

As ordinary investors, there is really not much we can do. If you have completed your investment layout and are currently facing losses, then paying too much attention to short-term market fluctuations may increase your troubles. Losses are not an isolated phenomenon in the context of a generally sluggish market.

In the investment process, it is crucial to maintain the right mindset. If you can maintain a calm mindset about the ups and downs of the market and remain confident in your investment decisions, then you are less likely to be seriously affected by market fluctuations. In fact, if we can look beyond short-term fluctuations and focus on holding spot and value coins, the risk of loss in the long run is relatively small.

In short, excessive attention to short-term market dynamics may increase the risk of loss. Maintaining a long-term vision and a stable mentality is the key to moving forward steadily in the investment market.

Bitcoin allowed me to go to college with tens of thousands of dollars

Imagine my experience: if you had invested $2,000 in Bitcoin in 2018, you would now have wealth worth tens of thousands of dollars. This is not a fantasy; this is my reality. Three years ago, I, a college student curious about the financial world, accidentally discovered this secret. I was deeply attracted by the potential of this digital gold and decided to dive in, starting my Bitcoin adventure.

The story began on an accidental night when I was browsing the internet, and a news headline about Bitcoin caught my eye: "The Rise of Digital Currency." Out of curiosity, I clicked in, and from that moment, my life trajectory changed. Bitcoin, the digital currency created by the mysterious Satoshi Nakamoto, fascinated me with its unique decentralized characteristics and potential for wealth growth.

I still remember the nervousness and excitement of purchasing Bitcoin for the first time. It was a small investment, but for me, it was the key to a new world. Over time, I witnessed the fluctuations in Bitcoin's price, seeing it multiply tenfold in a night, and I even faced liquidation. During exam preparations, I was almost discovered by my roommate while I was trading contracts in my dorm bed. Looking back now, it was truly thrilling.

Bitcoin is not just a currency; it is a belief, a vision for the future. Only the zealots will triumph! Over the course of three years, I have grown from a curious bystander into a staunch believer. And this adventure has only just begun… $BTC $SOL