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Monday! The 82,000 mentioned early this morning has arrived! Time to bank profits on long positions! Bai Pan's bearish outlook remains unchanged!



On Bitcoin's lower timeframes, liquidity is constantly being swept with sharp sell-off wicks, yet a genuine breakout has been delayed. No consecutive bullish candles have appeared on the daily chart to open up the daily trend. Without consecutive bullish candles opening up the daily trend, this is a triple top, and once the long trap is complete, the market should sell off. Bitcoin is turning downward, and other small-cap coins will do the same, so we won't discuss them here.

Finally, September is the autumn harvest season, and the bulls are too busy to show up! Boldly short above 820 on Monday's rebound! In the short term, look toward 808! Swing traders should first watch the 796 support level! The second half of the year will no longer be peaceful—manage your position size carefully! #BTC突破81K #GateVoyage #ETH突破2700美元 #加密货币总市值重返2.8万亿美元 $BTC $ETH
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X-BandKingQingyao
The mainstream view remains bearish. As the weekend is coming to an end, U.S. stocks are expected to continue fluctuating at today’s open, while BTC will most likely move lower and may test 82000. However, this is not the arrival of a bull market; it is more of an oversold rebound. I believe this rebound is mainly due to the following factors:

First, oil prices are at a high level, and extremes tend to reverse. There are expectations that oil prices will decline, after geopolitical tensions drove them up to 101.6, followed by a gradual pullback.

Second, although the CLARITY Act did not pass, the U.S. Securities and Exchange Commission has established a pilot program for putting U.S. stocks on-chain, which is a positive event.

Third, it is a short squeeze. Too many people went short amid various negative factors. Everyone was shorting, and once the negative news materialized, the market felt more reassured.

Therefore, with this rally reaching the current level, there is no need to enter with a heavy position except for short-term traders. There is really no need to chase the price higher, as the profit potential is limited. The risk-reward ratio at the current level is too low, while AI stocks in the U.S. stock market are continuously siphoning off funds. U.S. stocks are more volatile, and capital is constantly flowing into them. As funding costs rise later, will capital around the world be more willing to enter interest-free, risky crypto assets, or interest-bearing stocks with greater growth prospects? If the market subsequently enters a rate-hike cycle, the crypto market may continue to fluctuate.#Gate24小时净流入Top1 #MSTR领涨纳指100 #BTC重回80K #渣打预计ARB2030年达10美元
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ThisIsTranslateContent:PureJoy
an hour ago
Can it hold this level?
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X-BandKingQingyao
an hour ago
AuthorFirst Review
Continuing to update, waiting for follow-up developments 👀
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