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🟢 Explanation about Bitcoin
Until the announcement of the US inflation data on 11.09.2024, we may see fluctuations between 55500 and 53500. If the support zone is above 56500 and there is a 4-hour closing, a correct Rise comes at 58,500. However, I think they will continue to keep the markets down to manipulate. And we can see a similar manipulation in the employment data announcement, of course, it will be a little different.
Continuous rise from the level of 54,000 to above 58,500 and then they can pull down towards a deep bottom in a few days or hours. This is just an estimated analysis. Market manipulations are always done in ways that people do not expect.
The data to be explained will take us to about 60,000, but there will be further downward drops. Those who want to buy and sell in the short term should take positions accordingly. As I mentioned in a previous post and live broadcast, we will gradually leave the 60,000 level behind. We expect to stay between $40,000 and $55,000 for a long time. At least for a period of 4-5 months, and after staying between 30,000 and 40,000 for a while after leaving 50,000, we believe that the market will recover. If we give an approximate time, the drops will continue for a total of 9 months, and the Fed starting to reduce interest rates will not stop these drops. During this time, of course, we will make transactions and profit. It will be sufficient to make the right decisions and transactions at the right time. Instead of waiting during this time, you should seek PROFESSIONAL support and engage in short-term buying and selling. Of course, it is up to you to make the decision. For those who want to invest in the long term, it would be more appropriate to wait for bottom levels, around 30,000.
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