Post
legend88
I am the mid-term intelligence guy.
9.28 Intelligence: $BTC closed above the May high, technically bullish, but less than 1% from the high, almost flat!
Historically, after breaking above the 50-week moving average (like in 2019 and 2023), it usually rises 20%-30% within 1-2 weeks, but this round's increase is obviously weaker.
The market worries about seasonal weakness and continuously rising yields.
Previously, I predicted weakness in Q4, but BTC's continued strength makes me reconsider.
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