BTC has not broken 110000 The subsequent market situation remains to be observed
The BTC these past few days has been following my predictions quite closely, with almost no discrepancies, including the post I made on September 4th, where I said that if BTC does not break the descending channel line, it will rebound near this level, and the highest rebound would be around 103400. As a result, on September 4th, BTC just managed to hold onto the support level of the descending channel line at 109300, and it rebounded decisively, and the rebound position was exactly as I expected, peaking just over 103300, completely consistent, with no discrepancies.
So how will BTC move next? Firstly, the weekend market trends have little reference value, moving very slowly. Today's fluctuations are also very small, but regardless of how it moves, as long as BTC does not break below 110000, the uptrend has not stopped. Therefore, we should not be in a hurry to judge whether it will rise or fall. If it can stand above 112000 again, the subsequent market will challenge 114000 to 115000. If it breaks below 108000, it will go to 105000. So, this weekend, we can stay in cash and wait to see whether it goes down first or up first. If it goes up, we can short near 114000 to 115000. If it goes down, and does not break below 110000, we can go long. If it breaks below 10800, we will go to 105000 to buy the dip.
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