#Bitcoin specific signals:
SHORT TERM: timing signal -> 1-3 wks of bullish swing
MEDIUM TERM:  demand/supply bearish since the Apr halving, but some hopium a reversal pattern may have started in the last 4 weeks (still unconfirmed) -> will take more time before ATHs can break
MACRO: risk signal printing lower lows -> BTC is not in a bear market, it's just waiting in a re-accumulation pattern
Additional notes...
TRADFI RISK: bond rates are dropping, can be a bad omen of staving off a potential crash, past examples 2020 COVID crash, 2008 WFC. In past cases this leads to a crash before a long term liquidity fueled (money printer goes brrrrr) rally in all asset classes.

Twitter

BTC has gone through 6 months of high-level volatility, has squeezed out the water and is poised to take off, but the US macroeconomic situation has temporarily become the core force determining the market.

Bitcoin Weekly Observation (9.2~9.8): At the dawn of the interest rate cut, BTC still needs more patience to effectively break through

Before the clear rate cut in September, the market is still in a fragile balance.

Author: Shang2046
The market, project, currency and other information, opinions and judgments mentioned in this report are for reference only and do not constitute any investment advice.

After 6 months of high-level fluctuations, BTC has squeezed out the water and is ready to take off, but the US macroeconomic situation has temporarily become the core force determining the market.

Market of the week
This week, BTC opened at $57,301, closed at $54,867, with a high amplitude of 12.6%, and the lowest dip reached the $52,000 range, very close to 1 month...

At the dawn of the interest rate cut, BTC needs more patience to effectively break through

On September 18, as the silver sponsor of TOKEN2049, Bitunix will make its debut in Singapore. Since its establishment, Bitunix has quickly stood out from many trading platforms with its emphasis on user experience and continuous investment in technological innovation. Within three years, the number of platform users has exceeded 1 million, covering more than 100 countries around the world, with an average daily trading volume exceeding US$1 billion, making it a dark horse in the field of crypto derivatives trading.
Technological innovation leads the trend
Bitunix’s rise relies not only on its commitment to security and transparency, but also on its unique technological innovation. Recently, Bit...