The big dip has likely topped in the short term—should we keep pushing after the washout? $BTC
As you can see, market bulls and bears are now fully at odds. Some people directly expect 100k and 120k, while others even call for a drop to 40k—both sides are arguing fiercely.
#比特币走势分析
Teacher Coek’s view is that in the short term it will most likely first go through a round of washout, and only after that will it choose the real direction.
@币安广场
In August, the big dip has already gained more than 25%. ETF capital has flowed back in again, spot and futures demand have warmed up in parallel, and on-chain metrics have all strengthened as well. The fundamentals underneath are not weak.
However, the current price has just bumped into weekly resistance—83,000 is also the 365-day moving average, making it a heavy pressure zone. If you chase at this point, the risk-reward ratio is already poor and the value isn’t great.
On Friday, options for $6.4 billion worth of big dip will expire, and with the Jackson Hole meeting as well, the Fed’s speech could easily amplify the market’s swing.
#比特币期权
So personally, I think it’s highly likely we’ll first see back-and-forth consolidation, and possibly even cut down a wave of long positions, before then trying to break out.
If it can hold above 83,000, then upside toward above 100k opens up. After a pullback, it may consolidate around 78,000—basically a normal washout. But once there’s heavy volume selling that breaks a key support level, don’t rush to bottom-fish.
As the saying goes: “In truly strong markets, you’re not afraid of one washout.”
#美国企业利润创历史新高
As you can see, market bulls and bears are now fully at odds. Some people directly expect 100k and 120k, while others even call for a drop to 40k—both sides are arguing fiercely.
#比特币走势分析
Teacher Coek’s view is that in the short term it will most likely first go through a round of washout, and only after that will it choose the real direction.
@币安广场
In August, the big dip has already gained more than 25%. ETF capital has flowed back in again, spot and futures demand have warmed up in parallel, and on-chain metrics have all strengthened as well. The fundamentals underneath are not weak.
However, the current price has just bumped into weekly resistance—83,000 is also the 365-day moving average, making it a heavy pressure zone. If you chase at this point, the risk-reward ratio is already poor and the value isn’t great.
On Friday, options for $6.4 billion worth of big dip will expire, and with the Jackson Hole meeting as well, the Fed’s speech could easily amplify the market’s swing.
#比特币期权
So personally, I think it’s highly likely we’ll first see back-and-forth consolidation, and possibly even cut down a wave of long positions, before then trying to break out.
If it can hold above 83,000, then upside toward above 100k opens up. After a pullback, it may consolidate around 78,000—basically a normal washout. But once there’s heavy volume selling that breaks a key support level, don’t rush to bottom-fish.
As the saying goes: “In truly strong markets, you’re not afraid of one washout.”
#美国企业利润创历史新高
