The weekly chart has indeed accurately pulled back to the high point of May. From a technical perspective, BTC has undergone a very healthy pullback.



But from the perspective of the ASR weekly channel, there is actually already more than a 50% probability of following the citation path three possibility...

If the next weekly candle can close as an engulfing bullish candle, then everything will be easy, and the endpoint of this bull trend can still reach the overbought line (140,000) waiting!

But if a continuous fluctuation starts next, or even if it remains flat or experiences a pullback until September, then I am 70% confident that the bull market has ended...

The expectation of interest rate cuts before the actual cuts is bullish, but the closer it gets to the real rate cuts, the more bearish it becomes, especially under the current non-farm data, as the act of cutting rates itself may be bearish... #6 BTC全民空投限时派送中# #Gate Alpha积分撸40U# #白宫加密报告发布# #BTC# #ETH#
SOL2.92%
ENA15.17%
XRP-0.48%
BTC0.02%
ETH6.42%
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)