$BTC Useful insights analysis!
The September rate-hike expectations directly flipped the table. Last night, the big BTC plunged quickly down to the 76888 integer mark. That has made the direction even more unclear—opportunities and risks are both laid out in plain sight.
After dropping to 76888, it strongly rebounded and pinned back up, nicely covering the previous correction phase. Although the second coin $ETH is still being pulled back and forth around 2430, on-chain funds remain in an inflow state. Big players are still buying up— the long-side structure hasn’t shown early signs of breaking, and the bigger trend is still mainly bullish.
In terms of trading: don’t blindly jump in and try to bottom-fish. For BTC, wait for a pullback to 77000 and open a small long position. For the second coin, look for stabilization around 2420 before entering the bottom-fishing trade. During the pullback, many long positions were liquidated.
The September rate-hike expectations directly flipped the table. Last night, the big BTC plunged quickly down to the 76888 integer mark. That has made the direction even more unclear—opportunities and risks are both laid out in plain sight.
After dropping to 76888, it strongly rebounded and pinned back up, nicely covering the previous correction phase. Although the second coin $ETH is still being pulled back and forth around 2430, on-chain funds remain in an inflow state. Big players are still buying up— the long-side structure hasn’t shown early signs of breaking, and the bigger trend is still mainly bullish.
In terms of trading: don’t blindly jump in and try to bottom-fish. For BTC, wait for a pullback to 77000 and open a small long position. For the second coin, look for stabilization around 2420 before entering the bottom-fishing trade. During the pullback, many long positions were liquidated.
