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So, how do you think Bitcoin moved next? On September 2, it dropped straight from the highs: it surged to a peak of 792,000 during the day, then plunged to a low of 765,000. Now it’s trading around 770,000, bouncing back and forth. As for the “digital gold” safe-haven narrative—this time it didn’t hold up again. Instead, BTC got smashed along with risk assets. How ironic: gold has been rising steadily lately, but BTC keeps failing at key moments.
Right now, the chart mainly comes down to two things: whether 760,000 holds as support, and whether 800,000 can act as resistance. ETF fund flows are also a crucial variable—whether September can see a return to net inflows will directly determine whether BTC stabilizes and rebounds near 760,000, or continues to probe lower toward 740,000 and even 700,000.
Honestly, the hardest part about this kind of geopolitical conflict-driven market is that it doesn’t follow logic—it just follows emotions. You say BTC should act as a hedge, and it falls along with the stock market. You say it should fall together with the stock market, and then it occasionally throws in a sudden rally that forces you to turn in your “assignment” early. The only thing you can do now is don’t rush to bottom-pick, and don’t chase shorts either—just keep a close eye on the 760,000 line. If it breaks, then it’s a whole different story.
In chaotic times, everyone wants a safe haven. But it turns out none of them are really that safe—only the speed of the decline differs. $BTC $ETH #科威特防空系统回应伊朗无人机袭击
Right now, the chart mainly comes down to two things: whether 760,000 holds as support, and whether 800,000 can act as resistance. ETF fund flows are also a crucial variable—whether September can see a return to net inflows will directly determine whether BTC stabilizes and rebounds near 760,000, or continues to probe lower toward 740,000 and even 700,000.
Honestly, the hardest part about this kind of geopolitical conflict-driven market is that it doesn’t follow logic—it just follows emotions. You say BTC should act as a hedge, and it falls along with the stock market. You say it should fall together with the stock market, and then it occasionally throws in a sudden rally that forces you to turn in your “assignment” early. The only thing you can do now is don’t rush to bottom-pick, and don’t chase shorts either—just keep a close eye on the 760,000 line. If it breaks, then it’s a whole different story.
In chaotic times, everyone wants a safe haven. But it turns out none of them are really that safe—only the speed of the decline differs. $BTC $ETH #科威特防空系统回应伊朗无人机袭击
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.