Bitcoin has recently shown significant divergence. Analyzing from a weekly perspective, the rise in the 115,000 to 124,000 range seems to have formed a false breakout. However, the current price has reached the support level of the weekly EMA20 moving average, which may indicate a key turning point.
From the market sentiment perspective, retail investors generally hold a pessimistic attitude. This sentiment may lead to significant fluctuations within the range of 107000 to 115000, and investors may undergo psychological trials. In this situation, the market is likely to experience repeated oscillations, testing the patience and determination of investors.
Nevertheless, we should not overlook the potential opportunities that this market environment may bring. Pessimism often appears at the bottom of the market and can sometimes provide a good opportunity for contrarian trading. However, given the current uncertainty, investors still need to remain highly vigilant and closely monitor market trends.
In this complex market environment, it is particularly important to remain calm and rational. Investors should make decisions based on their risk tolerance and investment strategy, rather than being influenced by short-term market sentiment. At the same time, continuously paying attention to fundamental factors and the macroeconomic environment, as these factors may have a significant impact on the long-term trend of Bitcoin.
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NFTDreamer
· 09-03 01:33
Anxious retail investors are starting to cut losses again.
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FrontRunFighter
· 08-31 11:50
market makers launching their psychological warfare again. classic dark forest tactics to shake out retail. stay vigilant.
Reply0
BasementAlchemist
· 08-31 11:47
Climbed up again, it's another round of Tied Up season.
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TideReceder
· 08-31 11:47
They're at it again, using moving averages to fool the suckers.
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PonziDetector
· 08-31 11:44
I'll move a stool to watch the show.
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ReverseFOMOguy
· 08-31 11:44
The play people for suckers has begun for retail investors.
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MemeTokenGenius
· 08-31 11:43
Retail investors are going to be played people for suckers again.
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BlockchainFoodie
· 08-31 11:30
this market volatility is like a souffle... needs perfect timing or it all falls flat ngl
Bitcoin has recently shown significant divergence. Analyzing from a weekly perspective, the rise in the 115,000 to 124,000 range seems to have formed a false breakout. However, the current price has reached the support level of the weekly EMA20 moving average, which may indicate a key turning point.
From the market sentiment perspective, retail investors generally hold a pessimistic attitude. This sentiment may lead to significant fluctuations within the range of 107000 to 115000, and investors may undergo psychological trials. In this situation, the market is likely to experience repeated oscillations, testing the patience and determination of investors.
Nevertheless, we should not overlook the potential opportunities that this market environment may bring. Pessimism often appears at the bottom of the market and can sometimes provide a good opportunity for contrarian trading. However, given the current uncertainty, investors still need to remain highly vigilant and closely monitor market trends.
In this complex market environment, it is particularly important to remain calm and rational. Investors should make decisions based on their risk tolerance and investment strategy, rather than being influenced by short-term market sentiment. At the same time, continuously paying attention to fundamental factors and the macroeconomic environment, as these factors may have a significant impact on the long-term trend of Bitcoin.