Technology is getting simpler, and the mindset is gradually becoming simpler. Now is the time to wait, to dare to pursue, to dare to stop loss, and to make a profit. The process of implementing the rules of the currency market is also a process of convincing oneself, constantly persuading oneself to become better. The cultivation of human nature begins with stop-loss and take-profit. Willing to accept losses and confidently win. Making trades is a process of solving various psychological barriers brought by investment and reshaping one's behavior.

Market Review:

The new week has begun, looking back at last week's market trends, it showed an overall trend of rising and falling. Bitcoin began to fall from its high in the midst of oscillation, while the Federal Reserve's interest rate decision was as expected, with no immediate rate hike, but hawkish remarks indicated that there may be another rate hike this year, with an expected signal in November. This news led to a continuous rise in the US dollar to new highs, creating downward pressure on Bitcoin. Despite Bitcoin maintaining a bullish trend and holding the strong support level of 25300, the overall market is still affected by selling pressure from above, causing Bitcoin to return to the oscillation range. This week, the market is expected to perform flat, with not too much volatility, mainly dominated by oscillating upward. Despite the potential for a decline, the market remains optimistic about Bitcoin's current strong bullish trend. Therefore, we should remain cautious in the upward trend and act in line with the market's bullish trend. It is expected that Bitcoin may oscillate upward above 26200.

Market Analysis:

From the daily chart perspective, Bitcoin has experienced a correction from the high and returned to the consolidation range below the middle track of the Bollinger Bands. The bullish strength has once again disappeared, with a downward trend appearing on the daily chart, continuously setting new lows. Although the downside space is not too large, it still continues to move in a downward trend, with consecutive small bearish candlesticks further suppressing the upside space. Before forming a turning pattern of probing and rebounding, Bitcoin will continue to maintain its weakness, supported by the middle track, and begin to consolidate. The MACD bullish momentum column is starting to shrink, and it is expected to move upward at 26000. Pay attention to the situation near 26000, while the resistance is near 26800. On the hourly chart, since forming a small bottom around 24900, Bitcoin has experienced a breakthrough in the upward channel, but subsequent pullbacks have led to two days of oscillating trends. After Bitcoin surged to 26600, it continued to decline, showing signs of weakness and lack of rebound strength. The Bollinger Bands show a significant opening, with a bearish candlestick directly piercing the lower track, and the red bearish energy column indicates strong bearish momentum. Currently, Bitcoin is in a state of weak oscillation and downward trend, with the high points continuously decreasing. In this situation, we can first refer to the range strategy for layout. Pay attention to the resistance around 26800 and the short-term support around 25800.

Disclaimer:

The market changes rapidly, and the market fluctuates quickly. Personal opinions and suggestions are not real-time and are for reference only. For those who do not have a position and are waiting, and for friends who are unsure about entry points, you can follow the public account below to provide real-time entry points based on the market conditions.

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