Yesterday, Master's pre-buried short orders in the 57800-58200 range, the market rose to 58170 after 10 pm. Then the market fell to 56861 at 11 pm in the early morning, and the pre-buried short orders in the article won 900 points. In the case of yesterday's small market, there was no opportunity for long orders to enter the market, resulting in missing out on opportunities.
Hot topics of Master Chat:
Although the market fell so much last week, the macroeconomic situation is still good recently. The US stock market has been setting new highs in recent days. At present, CME's expectations for interest rate cuts have increased again. Now the September interest rate cut may be close to 80%, which is nearly 20 percentage points higher than the low point last week.
If the CPI and PPI on Thursday and Friday of this week can fall as expected, then the possibility of a rate cut in September will likely reach 90%. This will provide a two-month window for speculation on the positive effects of a rate cut, and both the U.S. stock market and the cryptocurrency market will likely see a lot of good news again.
In addition, various institutions including Bloomberg now believe that the Ethereum spot ETF will be approved this week, and all ETF applicants have completed the final submission of S-1.
Now various companies have started a price war on fees. This situation is very similar to that before the passage of BTCETF. Ethereum has successfully reached $3,000 against the backdrop of a market rebound, and the ETH/BTC exchange rate has also rebounded to 0.535.
Master looks at the trend:
BTC 1 hour:
Bitcoin is currently continuing to rebound and maintain its upward trend. According to the current chart analysis, if it fails to break through the recent high, it may deviate from the upward trend.
Resistance level reference:
First resistance level: 58000
Second resistance level: 58600
If Bitcoin wants to continue to rebound, it must break through the first resistance level. And only after breaking through the high point after the pullback (that is, the second resistance level) can the rebound view be maintained.
If the second resistance level is broken, an upward trend can be expected. If the volume is insufficient during the backtest, it needs to be viewed from the perspective of re-adjustment.
Support level reference:
First support level: 57250
Second support level: 56700
Before the price of the currency reaches the first support level, what needs to be paid attention to is whether it remains above the 20-day moving average and the rising trend line.
The price of the currency is currently staying near the short-term rising trend line and the 20-day moving average, so there may be a deviation from the market. Please pay attention to this and regard the 20-day moving average and the rising trend line as a good risk-reward area.
Today's trading suggestions:
Today's trading strategy: Maintain a short-term upward view, pay attention to trading volume in the 1st and 2nd resistance ranges, and operate by buying on pullbacks or buying on breakthroughs.
Due to the current insufficient trading volume, the probability of breaking through the first and second resistances is low, so it may deviate from the upward trend in the short term.
If it deviates from the short-term upward trend, it can be regarded as a correction range and a better entry point can be sought.
Please refer to these suggestions when trading
7.10 Master's short-term pre-buried order:
Long entry reference: 56300-56700 range, long in batches, defense 500 points, target 58000-58500
Reference for short entry: short in batches in the range of 59500-59900, defense 500 points, target 58500-58000#币安合约锦标赛 #BTC走勢分析 #BTC☀️ #比特币走势分析
