2023.10.6#btcmarket analysis
1. Debt increased by US$275 billion yesterday. Without money, the US stock market and the currency circle can only pull back. Pay attention to the non-agricultural data this week on May. It is strong and will continue to fall.
2. The pie is sucking blood. The FTX hacker address exchanged nearly 60,000 ethers for Bitcoins. There are still 120,000 ethers, which have to be digested slowly. The pie will be halved in April next year + the etf will pass. In the later period, the pie will be a one-man show, and it will be a bear market. Leverage should make the pie first
3. We are now leaning towards the second bottom of the C-wave decline week, waiting for the gold pit to buy the bottom. With the passage of etf next year, interest rate cuts, production cuts and other multiple benefits, we will achieve a bullish trend in Q1 of 2024.
1. Debt increased by US$275 billion yesterday. Without money, the US stock market and the currency circle can only pull back. Pay attention to the non-agricultural data this week on May. It is strong and will continue to fall.
2. The pie is sucking blood. The FTX hacker address exchanged nearly 60,000 ethers for Bitcoins. There are still 120,000 ethers, which have to be digested slowly. The pie will be halved in April next year + the etf will pass. In the later period, the pie will be a one-man show, and it will be a bear market. Leverage should make the pie first
3. We are now leaning towards the second bottom of the C-wave decline week, waiting for the gold pit to buy the bottom. With the passage of etf next year, interest rate cuts, production cuts and other multiple benefits, we will achieve a bullish trend in Q1 of 2024.
