$BTC Big pancake: this drop is very sinister. It started right at the domestic Mid-Autumn Festival holiday period’s evening rush when people clock out. The dog cartel is truly shady.
This round of sell-off is extremely brutal—on the 4-hour chart, the MACD line has already crossed below the 7-day and 25-day moving averages and is moving toward the 99-day moving average. At present it’s hovering around 83,400. From the trend, it looks like a downward, grinding sell-off phase has already begun. The liquidation heatmap also shows liquidation momentum. Around 80,000 there are 1.4 billion yuan worth of long position chips concentrated. If it falls to around 79,400, then the total long position chips would be 1.524 billion.
From the news side: the probability of a rate hike by the U.S. Federal Reserve in October has increased to 73.1% (it was 55.4% one week ago). I expect the drop is caused by this. In the short term, we’ll just wait for the China–U.S. talks and see whether any good news comes out; otherwise, this wave of decline toward 80,000 is unavoidable.
$BTC #美联储加息警告 #比特币24小时跌3.3%失守83000美元
This round of sell-off is extremely brutal—on the 4-hour chart, the MACD line has already crossed below the 7-day and 25-day moving averages and is moving toward the 99-day moving average. At present it’s hovering around 83,400. From the trend, it looks like a downward, grinding sell-off phase has already begun. The liquidation heatmap also shows liquidation momentum. Around 80,000 there are 1.4 billion yuan worth of long position chips concentrated. If it falls to around 79,400, then the total long position chips would be 1.524 billion.
From the news side: the probability of a rate hike by the U.S. Federal Reserve in October has increased to 73.1% (it was 55.4% one week ago). I expect the drop is caused by this. In the short term, we’ll just wait for the China–U.S. talks and see whether any good news comes out; otherwise, this wave of decline toward 80,000 is unavoidable.
$BTC #美联储加息警告 #比特币24小时跌3.3%失守83000美元
