BTC: Judging from the spot price of Binance BTC (the first decline on other exchanges except Binance was around 24200)
The first time it fell sharply around 25100, the second time it fell to 25300, which could see a second bottom;
After the first sharp drop, it rebounded to around 26,800. After hitting the bottom for the second time the day before yesterday, it bounced back to around 26,800. It can be seen that it was a second peak;
Therefore, from the daily level, the structure of low shocks has not changed, so we will continue to watch consolidation in the near future. The consolidation interval is divided into two, which is equivalent to a large box within a small box, that is, (25000-27000)/(25800) -26300)
[The four circles in the picture are the corresponding top and bottom of the large box, and the middle is the small box area]
From the perspective of technical structure, after reaching the top, it will continue to maintain intermediate shocks, and subsequent shocks and declines may lead to three more bottoms.
The specific time for the third exploration is not as certain as the last second exploration (Figure 2, No. 18 posted a very definite trend and point analysis, the trend is completely consistent with expectations)
An uncertain news at the moment is Powell's speech tonight. The market expects that macro factors such as interest rate hikes and inflation in September will be revealed, and the Fed's next plan. Therefore, the hawkish or dovish speech may have an impact on the short-term market. Certain impact. Take one step and see one step first
