Brothers, can't sleep now, right? 😏



Will Bitcoin this month be able to stay steady at 60k? 🤔

First, look at the Fed's dot plot, many brothers are directly stunned.

Wosh says "no one hopes for a rate hike," but the dot plot is densely filled with "rate hike arrows." 📈

It's like your girlfriend says "nothing's wrong," but the knife in her hand has already been sharpened. Fed Chair Wosh is making reforms like crazy, cutting statements and setting up panels, but not a word about the real issue (interest rates), just playing "read and reply randomly." 😅

Even more harshly, nearly half of the decision-makers have secretly turned against, feeling that just "holding steady" can't suppress inflation anymore, especially with oil prices in the Middle East soaring. The rate hike expectations have shifted from "wolf is coming" to "wolf at the door."

Goldman Sachs even directly announced: if there's no cooling in September, they'll hike rates! This scared many troops, and the young guy (Yellen) added that maintaining normal interest rates is fine, but rate hikes are possible. Bitcoin immediately dropped over 1% in the short term to test support. I guess you two are probably on vacation somewhere. 🙃

Although the US and Iran signed an agreement, Netanyahu over at Little Ant still doesn't trust the master of懂王, and could "act unethically" at any time with another move. This geopolitical black swan is like a sword hanging overhead. Now look at the market:

1. $BTC ‌ (Bitcoin): Current price 63,500, short-term EMA flat, whales controlling the market tightly, very little volatility, as if waiting for a direction. The 1-hour MACD shows a golden cross, but volume is weak. Resistance at 63,800, support at 62,500. This sideways movement is just playing dirty; sooner or later, it will break out and choose a direction. Watch out for the "tombstone" pattern with a "door" shape.

2. $ZEC ‌ (Altcoins): These have been pretty tough lately, daily above 460, MACD shows a bullish crossover, clearly funds are doing something. But look at the 4-hour chart, Bollinger bands are squeezing to the limit, a breakout is imminent! If Bitcoin stays steady, it might lead the rally to 480. But if Bitcoin plunges, a big red candle could wipe you out, typical "let you enjoy first, then make you cry."
3. $RE ‌ (New Coins): Truly "new coin three days aroma," today plunged -3%, dropping to a low of 0.4166, this needle is long enough to knit a sweater. Brothers chasing high now are probably on the rooftop enjoying 🧶 the breeze. These coins are highly volatile, whales manipulate with sentiment, dump with mood swings. Don't play unless you're skilled at handling the jumps.

The current market is the night before a double explosion of bulls and bears. Citibank has pushed the rate cut expectation to October, but Brazil is still calling for a rate cut. The global economy is playing its own game, a chaotic mess.

Don't bet on the direction lightly, hold your hands. Wait for Bitcoin to show a clear direction before rushing in, or you'll just be fueling the whales.

Are you a hardcore bull or a big bear?

At this level, are you betting on an upward breakout or a downward plunge? Leave your answer in the comments and let me see whose head is the most iron! 👇

(Risk warning: The above content is for sharing only and does not constitute any investment advice. The crypto market is risky, enter cautiously, and if you lose money, don't blame me for not warning you.)
BTC1.29%
ZEC3.65%
RE80.40%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
TalkingAboutMemeAsTheCoinMakes
· 4h ago
Buy the dip 😎
View OriginalReply0
  • Pinned