Irihua: Bitcoin has ended the bear market trend and continues to rise over the next two weeks

On 21 August, the founder of Liquid Capital (formerly LDCAPIC) stated that since May, when the rebound had been judged, one of the main concerns of the past two months, namely, that July to August might be the last opportunity for BTC in the current round. The BTC bear-city trend has officially ended with a strong bitcoline-level breakthrough of 120 and 200 days and a weekly line-level breakthrough of 20 weeks. He indicated that the next two weeks were still on the rise, but that there could still be a return when it reached a certain position. The subsequent rate will not exceed 50 per cent of the increase, and if investors use leverage, it is recommended to reduce the multiple single slots, taking into account the weekly trend and the rate of reversal during the 2023 increase cycle. The current round of bitcoin fell from a high of $126,000 to $57,000, with the largest decline of about 56 per cent, which it believed had reached a low cyclical point, and it was more difficult for the follow-on market to see again the price of the BTC starting with $50,000。