#BTC The rhythm of this week is quite clear: the bullish tone was set from Monday, the daily chart is steadily climbing up, and the weekly chart is likely to close with a nice Bullish line.



However, everyone can see that after the big ups and downs, the market is still in a correction. It is not the kind of market where you can just close your eyes and rush in. For those who haven't gotten on board at a low position, be careful not to chase the highs impulsively, as it can easily lead to being trapped.

At present, it is still stable. Let's see if there will be an interest rate cut next month. After the interest rate cut, there should be another wave of market movement.

Overall, the outlook is still bullish, but short-term operations on the 4-hour chart are already overbought. Hold on if you are already in a position, and if you haven't entered yet, wait a bit longer until a top signal appears before taking action. Avoid entering blindly.
BTC-0.93%
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