9.16 Market Analysis Since 9.10, Bitcoin has shown a strong bullish signal with a large candlestick, effectively breaking through 113,400. After three consecutive days of rising, everyone believed a one-sided bullish trend was about to begin. However, the market surprised us; starting from 9.13, altcoins experienced a significant pullback. Especially UNI, which was particularly frustrating, clearly exhibiting behavior that harmed the bulls. But from Bitcoin's perspective, it hasn't broken below 114,300, and the bullish trend remains. Ethereum showed strong support at 4,494, which was reclaimed after a drop, and there are signs of bottoming on the 4-hour chart, while the daily chart shows four consecutive bearish candles. Overall, this is just a deep washout; the decline is temporary, and it's highly likely that things will warm up after the 18th! This significant pullback should be attributed to large funds fleeing for safety ahead of interest rate cuts, and another reason is that...
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