From now on, September to next January, here are my thoughts on the big picture of Bitcoin market:

From late September to late October, the price will start to rise slowly.

From late October to the end of December, there was a slow decline, and finally reached the second bottom of this bear market. I expect this bottom to be around 20,000. This is just an estimated value.

Starting from January, it slowly began to recover and rise until BlackRock passed the spot ETF.

Of course, this is my understanding of the general framework of the market. You just need to have a general framework in mind. I will adjust the market judgment according to the real-time situation in the future. And this is a long-term prediction. For reference only!

Why I think the market will slowly resume rising in late September and continue rising until late October:

The reason is that it has fallen 7,000 points since it fell from 31,800. I have always told you before that I don’t think this wave of decline from 31,800 will go all the way to the bottom. It is already 7,000 points now, and there is enough room for decline. That’s why I have been saying recently that don’t look at a sharp drop, the decline is actually almost enough, and you must enter the bottom position. Moreover, from the perspective of the Fibonacci sequence, it has reached the golden position of 0.618, plus 25,000 is a very critical and important support. I have said this countless times this year, and I believe the old group members know that there is a high probability of a rebound here.

Then, from late September to late October, there is no Fed meeting in October, but in November, so there is an opportunity for bulls to take a breather, and historically, Bitcoin has always performed well in October. Combined with many long-term indicators, buy signals have been issued.

And I think that if there is one last drop in the future as I expect, then the rebound will expand the space for the decline in November and December. Otherwise, a very simple logic is that if it continues to fall, the space for decline will become more and more limited, and there will be no space. To put it bluntly, it will not achieve the purpose of scaring the leeks and exploding the longs. The deep bear is to scare the leeks and dare not enter the market, so that the main purpose is achieved.