Bergchain Weekly Report (95): Raising interest rates? I'll still pull it up for you The four week long oscillation finally brought a hint of 'bull flavor', Despite the seemingly dangerous decision of the FOMC to raise interest rates this week, But market trading expectations clearly indicate that most of the impact caused by interest rate hikes has already been preempted by the market, BTC saw a direct daily increase of nearly 6% on Friday. Here, as usual, we will report the latest distribution of chips to you: // The attached URPD chart represents the distribution of BTC's chip structure. For the analysis logic and detailed tutorial on BTC chip structure, please refer to the following link: https://((((((((x.com))))))))/market_beggar/status/1963776996942741931 Firstly, as usual, let me share with you the situation of the massive accumulation area of 61-65K: ➡️ The current accumulation amount is approximately 1.744 million pieces ➡️ Compared to last week's 1.827 million, there has only been a decrease of about 83000 ➡️ Even though there was a surge on Friday, it did not significantly increase the willingness to sell these massive piles of chips The judgment is basically consistent with the previous weeks: These massive buyers at 61-65K are not speculators who short in and short out, They are more like betting on the upcoming bull market, Just like the huge amount of chips that silently appear in every bear bottom round. The phenomenon of 'bottom must emerge': the solid foundation formed by massive hand changes at the bottom https://((((((((x.com))))))))/market_beggar/status/2083006515175387476 Next, let me report to you a rather tricky point: 83-85K is the next 'only' significantly larger accumulation area, If viewed solely from the perspective of chip distribution, the probability of this area becoming resistance is also relatively high, At the same time, 83K is currently the most prominent Equal Highs liquidity aggregation area on the line, Taking into account the above two factors, we can basically determine that the game of 83K will be relatively intense ⚡ ️ 83K Structure Offensive and Defensive Battle: A Trend Reversal Battle on the Arrow https://((((((((x.com))))))))/market_beggar/status/2092427053534691727 However, the reason for saying trick is that: The massive accumulation of 83-85K has existed for a long time (although there has been transfer, the speed is noticeably slow), Some of the chips bought in this area are likely to be faith investors who pretend to be dead, Therefore, if it rises to 83-85K in the future, the probability of them rushing to solve the problem will also be relatively low, As a result, the selling pressure at that time may be lower than our expectations. Finally, although BTC has not yet broken through the oscillation range of the past four weeks, But the nearly 6% increase on Friday was also a significant boost to the morale of many troops, As long as the assumption of a bull market holds true, the breakthrough of 83K is a matter of time, The difference lies in whether we can have a few more opportunities to add positions to the golden pit before breaking through As for the evaluation and strategy of the warehouse area, I have also written a lot in this week's analysis post, Friends interested in in-depth research can refer to the organization at the end of this article. That's all for today's content. Have a nice weekend, everyone // This week's article review 'Silent US Funds': Waiting for FOMC's Adjustment https://((((((((x.com))))))))/market_beggar/status/2099373061002957080 'Only when water reaches can channels be formed': waiting patiently for the capital increment that drives the start of the bull market https://((((((((x.com))))))))/market_beggar/status/2099679375650402637 The probability of compensating for the imbalance zone increases: a new Equal Lows gravity appears https://((((((((x.com))))))))/market_beggar/status/2100042256678003195 'Similar': Analysis of ETH Daily Level Liquidity Structure https://((((((((x.com))))))))/market_beggar/status/2100401366120460613 If I were to copy you the answer for 2023, your strategy would be ❓」 https://((((((((x.com))))))))/market_beggar/status/2100763188870738052 // [Business hours] PopDEX is the only Perp DEX supported by Bitget, During the testing phase, there was already over 1.7 billion US dollars in trading volume and a 61M scale LP pool, And so far, three rounds of actual cash rewards have been distributed Friends who are interested in enjoying the benefits of 'early participants', You can register using the link to the top message in my public group (with a join link on the homepage)