Many people say ETH1500 is the bottom. Where is the bottom? 😂 Bitcoin hasn’t even bottomed out yet, and Ethereum won’t move that fast either. The top of the 5-day moving average is capped; the weekly line is already in a bearish position. The candlesticks are fought for with real money. Someone says there will be a rate cut in September—look at the macroeconomy. Do you believe in candlesticks or in the news? 😂 Can September really cut rates? 😂 If 1500 is the bottom, then Bitcoin at 57,000 would be the bottom, and the first wave’s peak would be around 95,000. At $40,000, the strength isn’t enough. From the low to the first wave’s high, it’s at least $50,000; $BTC today I’ll test for you where the bottom is. One is Bitcoin, around 1300; the other is Ethereum, around 53,000. Excluding the wicks: #美国7月PPI持平 $ETH . The worst months are August and September. When the market is good, it’s usually October and November.
I also added the start and end positions of the previous cycle, so everyone can compare.