On weekends it’s a back-and-forth battle between long and short; today’s A-shares three main indices turned red, showing signs of a rebound. The direction that emerges tonight will likely set the tone for this week’s trend—maybe even for September’s trend 💥
My subjective view is that it’s quite likely to continue rising after consolidation, because the larger downtrend has already been going on for months. After such a sudden jolt, the mood likely won’t dissipate that quickly. I feel there will still be new people coming in 👨🏼
However, because last week there was the “banana fight vs. bottled water,” which has already drawn domestic attention, they will act to clean it up soon. If something uncontrollable happens, it’s estimated that the whole market will be affected as well. This might become a Black Swan event. You have to know that back then, the “exploding heads” situation led to a Black Swan event across the entire market after they were caught—regardless of which coin, everything fell by more than 30%, and that’s not impossible 👎
Of course, if you can see BTC at 3w, it might be your last chance to take out a loan $BTC #孙割
My subjective view is that it’s quite likely to continue rising after consolidation, because the larger downtrend has already been going on for months. After such a sudden jolt, the mood likely won’t dissipate that quickly. I feel there will still be new people coming in 👨🏼
However, because last week there was the “banana fight vs. bottled water,” which has already drawn domestic attention, they will act to clean it up soon. If something uncontrollable happens, it’s estimated that the whole market will be affected as well. This might become a Black Swan event. You have to know that back then, the “exploding heads” situation led to a Black Swan event across the entire market after they were caught—regardless of which coin, everything fell by more than 30%, and that’s not impossible 👎
Of course, if you can see BTC at 3w, it might be your last chance to take out a loan $BTC #孙割