Bitcoin stalls at the 50-week moving average, with bulls and bears facing off at a critical point!
This week’s close is nearly right around the 50-week moving average, roughly $80,000. This level is the most important dividing line right now.
From the summer lows, Bitcoin has rebounded by about 40%. This move resembles the bear-market bounces seen in the summers of 2018 and 2022. A slightly higher high appeared on the 4-hour chart, but relative to the May highs, it is still a lower high. The recent pullback was mainly driven by stronger-than-expected nonfarm payroll data and a renewed rise in rate-hike expectations.
The 50-week moving average is currently trending downward. Historically, there are two common ways price behaves at this level:
First, it is quickly rejected. In July 2018 and March–April 2022, price approached or briefly moved above the 50-week moving average, then quickly fell back, before continuing to print lower lows. 2015 also saw a similar rapid retracement.
Second, price lingers around the moving average, even with multiple weekly closes above it. 2019 and 2023 were like this, and in the end they confirmed the bear market had ended.
Our view for this episode: a single close near the moving average doesn’t prove much. What truly matters is whether the next few weekly candles can hold the level, and whether there will be consecutive weekly closes above the 50-week moving average. If price stays here for a while, the probability of a breakout increases. If it gets knocked down quickly, it will look more like the familiar pattern of bear-market bounces being rejected.
If price doesn’t fall back from this level soon, the bears will face tighter conditions over the run-up to the fourth quarter. In the short term, watch the upcoming inflation data and the Federal Reserve meeting.
At the moment, both bulls and bears are waiting for confirmation at this level, and the direction is still not set. This is not investment advice—just a breakdown of the current technical situation.
Do you think this time is more likely to hold and break upward like in 2019 and 2023, or be rejected downward like in 2018 and 2022? Feel free to share your view.
🧧🧧🧧 In speculative trading, you can indulge in whatever you want in terms of trade direction, moving with the market like a weed on the wall. However, the core behind your actions—the true logic you stand by—must be unwavering. This theory or that idea, none of them are reliable; a catch-all “one size fits all” approach has no future. You must have something you firmly believe in. You embrace its best side and also accept its worst side. You believe that the worst won’t happen, but you’re also prepared to die for it if it does. Only then can you produce a consistent trading logic that you want in a speculative trading arena full of fallacies and full of uncertainty—you only then have a chance to achieve the long-term, continuous, and “stable” outcome you want in your heart. #btc #ETH
BNB is currently in a period of consolidation... The implementation of the crypto bill scheduled for September 15 has been postponed. What do these pieces of information indicate? Can BNB break out of the consolidation and surge straight to 1000? $BNB
$SUI -Day Line is about to kick off; spot and futures are picking up!
Sui Network continues to expand through rising network activity and new financial products. Its BTCFi tools give Bitcoin holders more ways to use their assets. Users can earn returns through these applications, or borrow and lend using Bitcoin. Sui also supports DeFi platforms such as Swelland, Scallop, and BlueFin. These platforms add more use cases to the ever-expanding Sui ecosystem. Ledger has recently fully supported Sui tokens on its platform. Ledger has also launched a campaign offering 400,000 SUI to eligible users. Such initiatives may encourage more users to explore Sui. After a recent 7% drop, SUI’s trading price is nearing $2.35. Analysts believe the target could be around $6.50, and possibly even $10. As the ecosystem keeps growing, the token may gain another layer of catalysts.
‼️$XRP 🐕 Reward is here ‼️ I’m sharing $XRP rewards with the community as a Bigger thank-you. ✨ Just claim your reward and enjoy! ✨ Claim it. Get rewarded @XRP _ $XRP #xrp
🔥 Political celebrity players launch new Meme coin! Hunter Biden officially announces coin $LAPTOP
will be listed on the Base chain on September 9, with a total supply of 1 billion tokens.
- The founding team holds 30%, locked for 6 months and released gradually
- 20% will be used for airdrops, including user groups who previously bought $TRUMP and suffered losses
- Another 30% of the tokens will be tied to various political and crypto market events; the trigger conditions will burn or donate them to charity
Turning the “Laptop-gate” that rocked the U.S. election back then into a Meme coin—political humor + crypto speculation combined directly. ⚠️ Reminder: Meme coins are extremely high risk. The project has just come out and numerous copycats have already flooded in. Be sure to verify the contract address and don’t rush into buying blindly.
#美加关税战升级 According to a report by Bloomberg, Canada on Tuesday imposed new tariffs ranging from 15% to 50% on hundreds of U.S. products. Prime Minister Trudeau is betting that President Donald Trump will take a hard line, ultimately strengthening Ottawa’s negotiating leverage with its largest trading partner. The Trudeau government raised import duties on many U.S. steel products from 25% to 50%, and, starting at 12:01 a.m. New York time, added tariffs to a range of consumer goods including motorcycles, cosmetics, and cheese. The move is expected to hit U.S. exporters hardest in states such as Michigan and Ohio, which have close trade ties with Canada and whose election prospects were tight in the midterms in November. For Trudeau, it is a calculated gamble—one year earlier, he had cancelled many of the retaliatory tariffs implemented by former Prime Minister Trudeau. Officials in the Trump administration have repeatedly said they will not tolerate retaliation, noting that only Canada and China have used retaliatory tariffs, while refusing to say how or when Trump would respond. Brian Clow, a former senior Canadian adviser responsible for relations with the U.S. during the Trudeau era, said the retaliatory tariffs are intended to make U.S. businesses and consumers feel the real cost of the trade war, thereby giving Washington motivation to return to the negotiating table. He added that Canada is not looking for a trade war; it wants to end it $BNB
When BTC drops, the group chat suddenly gets much quieter. Yesterday we were still discussing how to buy a supercar; today we’ve already started figuring out how to break even 😂 Forget it—let the market turn green, but the vibe can’t turn green. In the comments, type “888”, and sis, send some red envelopes for those who haven’t gotten off the train yet. $BTC