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Node decision is crucial at the moment
The current market situation is the problem of first rising to 105000 and then dropping below 98000.
Still unable to go up, break 98000 first, then wait for the interest rate cut on the 19th, and then rise above 105000 and above 110000.
Analyze one by one
First, if the market goes up today and tomorrow, the significance of the current rise is that in the absence of a complete understanding of the interest rate cut, this rise represents the expectation of an interest rate cut and a report of the short position above.
So going straight up, it's also unstable and will come down immediately.
Second, if it goes down today or tomorrow, at the 98000 level, see if it is a proper rebound. If not, then it may drop to 95000.
If it is a serious rebound, it is basically a fluctuation between 98000 and 102000. The significance of this fluctuation is to consolidate at a high level under the expectation of a rate cut in the future, that is, waiting for the rate cut to pull it up.
So for spot trading, we don't rely on price hikes or compensations on Fridays, and today there was no increase. It didn't exceed the public's expectations, which was to compensate over the weekend.
So the market is very important, that is tonight, tonight will go out of the above two situations, if the results have come out tomorrow morning, that is to say, he did go up, or indeed went down, then it can be judged according to the situation at that time, how to go from Sunday to Monday?
If by eight o'clock tomorrow we have not emerged with a result, in other words, if we are still in a small oscillation here. Be even more careful of the major pullback to 95000 that we fear. We anticipated this early,
At that time, for the spot, take a look at the lowest price of the cottage when Bitcoin reaches 98,000, and compare it with the lowest price of the previous crash. If it is higher than the 94,000+ of the previous crash, we will make a judgment based on this situation. This judgment is combined with the rebound performance of Bitcoin at that time, and considering whether Bitcoin should go to 95,000? Let's predict the movement of the cottage within 12 hours based on this.
If it falls below that minimum price, the situation will be different, and it is very likely to explode after a large number of wash orders.