Just watch—it won’t disappoint everyone who has patience. Yesterday, Lao Shan already said that as long as it doesn’t fall below 75,000, the longs still exist; you can go ahead and keep buying. I see that many people in the market are saying it’s going to drop big, but after all night, it has been pulled up above 82,000, and $80,000 is broken just like that. The shorts had absolutely no ability to resist. Fans who have read Lao Shan’s articles should understand: before the pullback, Lao Shan already told everyone not to rush—wait patiently for the longs to rise. To be blunt, a few days ago we were just trading the expectation of rate hikes. I said it then: once the data comes out, all rate hikes are fake. The data can be adjusted—Trump won’t allow it; that’s his bottom line. Wach/“Powell” isn’t the same as Powell, and the current Fed isn’t the same as the one before. You judge it yourself. Before the mid-term elections, there won’t be a hike—at most, they’ll maintain rates unchanged. If they can’t hold, they still have to hold. The data is basically just something to fit expectations. After the mid-term election, rate hikes will come, and the market will face major changes. Although it’s already surged up to here, as we head into mid-September, pay attention—based on past experience, the central bank (央妈) will release some kind of news. This time, because “Sun Ge’s” hype is too big, I won’t say too much more. If you get it, you get it.
The big pie also eventually arrived at the $82,300 mark, breaking through the $82,000 level—the shorts basically can’t hold it back anymore. So next, our focus is on the $82,800 area. Once this level is broken, there’s a chance to move toward $83,500, $84,000, and even $85,000. But $85,000 is a heavy resistance. On the downside, for now we’re watching key supports at $80,000, $78,000, and $75,000. If $75,000 breaks, then it’s very likely there will be another massive purge. The market maker won’t let longs and shorts have it that easy. As for ETH, it’s relatively strong right now. After the team up formed by the exchange rate, ETH has broken to a new half-year high. Next, we’ll see whether it can break through the $2,600 and $2,700 levels. On the downside, there are the $2,400, $2,350, and $2,200 levels. Actually, Lao Shan thinks that in the next few days there will be a scene of killing the long positions. If you’re not sure, you can go to cash and wait, or ask Lao Shan. I’m Lao Shan—thanks for watching. If you like Lao Shan’s content, you can also follow along!
When trading, your biggest enemy is not the outside world—it’s yourself.
Don’t always blame the outside world for problems; first see whether you yourself can be decisive and resolute, and unify knowledge with action.#美国初请失业金人数升至20.6万 #英伟达129亿美元收购HuggingFace #雪花公司财报超预期股价涨24% #美国8月ISM服务业指数升至55.4 #SEC新规拟吸引加密企业回流美国 $BTC
