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Continues to big dump! The only question now is: when will Bitcoin fall below 100,000?
On September 5th, when the non-farm data was released, I mentioned: interest rate cuts and big dumps are two different things!
Even after the interest rate cuts take effect, there may be another fall until no one dares to call it a bull market, which is the true beginning of a big dump!
Bitcoin is about to fall to the first support level mentioned earlier: 108500 USD, while ETH is set to fall to the second support level: 3830 USD;
There has been talk of a fall this month, but now it has really continued to big dump. I want to boost the morale of all coin friends: the bull market is still on!
The basic logic remains: The Federal Reserve has started cutting interest rates again. No matter how stubborn Powell is, the Federal Reserve cannot maintain such high interest rates for such a long time (currently 4.00%-4.25%), unless it wants to drag everyone down with the dollar.
Don't listen to the words of those who are self-defeating. When the fall reaches its point, it's time to buy the dip. After buying, do what you need to do, eat and sleep, and just wait for the wind to rise!