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On August 28th, the old leek said currency
Market Review Analysis
BTC returned to 58000 points again, leaving those who chased the rising prices in a daze. Not sure how to view it now. ETH fell a bit more, directly to 2400 points. This fall happened at five o'clock in the morning, waking many people up from their sleep. However, this kind of fall is normal. Don't rebound and only see a bull market with a slight increase, or consider it a bear market with a slight fall. I'm waiting for the bottom, not entering the market until then. So regardless of whether it's a bull or bear market, as long as I wait for the bottom to enter, it will be amazing later. It's not impossible to profit from a bear market. Everyone knows that those who laid out for a bear market in 2022 couldn't profit from the bull market, and this year doesn't really count as the arrival of a bull market. It's just a one-sided pump for BTC, not a true bull market. The market will fall again. Wait until everyone is fearful, panicked, and sees the bull turning bear, then it's time for me to lay out. Let's continue to wait!
Today's Highlights
BTC fell to 58000 points Long Wick Candle, pay attention to the resistance position Rebound60000 near the position during the day, the market may oscillate during the day, if it directly falls below 58000 points, you can directly look at the two positions of 55600-56000, the market has not yet reached the bottom.
The weak performance of ETH, altcoins followed suit, dropped to 2400 points Rebound during the day, can follow the resistance level of 2480-2520 during the day, if it falls below 2400 points, you can look at the positions of 2260-2300. It has been mentioned before that once this round of decline falls below 2200 points, we will quickly see a number starting with 1. This decline has made ETH even faster, so be prepared for risk management!
Still, as the saying goes, if it falls now, don't think about shorting it, just wait and see! If you don't dare to short at the high point, but only chase after it when it falls, then you really have some brain problems. Spot has short-term benefits, if you don't run, you will be buried. Don't rush into the market, first understand the essence of the matter, the big one hasn't come yet, I'm waiting for a big fall in BTC.