At the end of this week's weekly line, we saw that the decline of the whole week ended with a bare Yin column, and completely engulfed the gains of the previous week's Yang column. This trend is very much like a new round of decline after the decline adjustment.

Interestingly, in the two months since the big drop in July, every time the price rebounded and then fell, it encountered different degrees of support in the 58k-59k area. As these supports are gradually digested, the market will eventually move in the direction of larger trading volume. Therefore, this area may become an important chip concentration area in the future and a key watershed for both long and short sides.

Usually, prices fall at the beginning of the month, and it is still unclear how much positive effect the expected rate cut this month can bring. Judging from the current situation, market sentiment tends to be pessimistic. Therefore, even if there is a rebound this week, it may only rise briefly after the release of non-agricultural data. In the short term, if you want to find a long opportunity, you may need to wait for a pin after further decline.

If the key position of 57k is broken, the new support range below may be around 53k-55k.

In last week's trading, I chose a relatively conservative strategy. I didn't make any big moves throughout the week. I only made short positions on Monday and Tuesday, and held the short positions until this Monday. I was patient and didn't trade frequently, but I got good returns. Trading is like this. Only by being patient can you succeed in the end. #Telegram创始人获保释 #以太坊基金会