Waiting for the cold winter in the middle of summer

Different voices continue, various attentions continue, and the variables that move from smell to wind continue. Judging from the recent overall situation is still singing the rhythm of decline, people's sentiment towards the market is likely to decline further. Most people believe that it is difficult for the market to rise under strong pressure in the short term, and it should be objectively normal for this. We all know that cyclical ups and downs alternate, and the length of each period naturally brings a high-pitched atmosphere and a low mood, which can be seen in many of our previous months. Therefore, the news and status of these levels are not worth worrying about or believing.

Yesterday's pie rose first and then suppressed, showing a regular market of rushing higher and then falling back again, failing to stabilize above $39,000. Subsequently, there was a more obvious diving at night, which destroyed the short-term rebound rhythm.

After yesterday's rally was blocked, a second high was formed. After the fall, it refreshed the low, so the short-term trend is weak, forming a downward channel, but the overall downside space is limited as long as it does not fall below $37,000, there will be no accelerated decline process. But the 4-hour chart MACD is still in a bearish signal, so it is not excluded that the intraday price will not dive to near $37,000. At present, the back and forth rhythm of Bitcoin is like a pendulum floating, forming a basic pattern back and forth on both sides, and it should be difficult to get rid of the current pattern in the short term. Therefore, continue to maintain the washing stage, thorough cleaning for the future trend can be optimistic, now is to use time for space, waiting for a new stage of the market to start. Due to the weak short-term trend, it is necessary to break the top of the downward channel to reverse the current weakness, otherwise, the price will extend the channel downward, so pay attention to whether the price can stop the fall in the afternoon and evening session and return to above $39,000. Pressure level: 41000, support level: 37000.

In terms of ETH, the current price is approaching the $2300 mark, and if it falls below this mark during the day, it will move towards the low of $2200, and conversely, if it can hold the $23000 mark, there will be a rebound opportunity. Pressure level: 2600, support level: 2300.

In terms of world news, Grayscale is considering adding 13 new cryptocurrency investment products, while the Guggenheim CIO once again said that cryptocurrencies are the future, while Kraken CEO also made the same point of view, there is currently nothing to replace Bitcoin. This in itself is a battle with the times. It's just that tomorrow is the place we will all go, and the carrier of that time is now on the way forward, which is a realistic pattern.

Of course, as we said before, most people won't be willing to accept all of this. Even if there are no substantive problems, it can cause discomfort, which is defined by our existing acceptance. In the cryptocurrency market we actually contact, the more low the temperature environment is, it is the time to grow, which is difficult to feel uncomfortable. Many people say that in the bull market, there is no way to get on the bus or miss a lot of opportunities, in the hot tide can only watch others get rich profits, and in fact, when the opportunity comes again in a slight chill, they forget their state of watching others in the hot summer. It can only be said that you may forget, or you may just not want who is better than anyone else.

Waiting for the cold winter in the middle of summer, this is the attitude and reverence that should be taken. When winter is approaching, it is time for new miracles to sprout.