Today's market analysis:
BTC: BTC 1-hour and 4-hour levels are below healthy levels, and the daily level is below healthy levels. The volume is reduced. Patiently wait for short-term market fluctuations. The long cycle continues to be bullish. The upper resistance of the day is 60000-60500, and the lower support is 57300-57800. If it pulls back to the support level today, you can follow up appropriately.
ETH: ETH 1-hour and 4-hour levels are below healthy levels, and the daily level is below healthy levels. The trend remains healthy and has not fallen below the key resistance level. The upper resistance during the day is 2650-2700, and the lower support during the day is 2500-2550. If it falls back to the support level today, you can follow up appropriately.
This week, Federal Reserve officials will make a series of important speeches, which are expected to have a significant impact on the market, so contract traders need to be extra vigilant about potential risks: At 1:35 a.m. on Wednesday, 2024 FOMC voting member and Atlanta Fed President Bosty Gram will deliver a speech. At 2:00 a.m. on Thursday, the Federal Reserve will release the minutes of its monetary policy meeting. On Thursday, the annual meeting of global central banks in Jackson Hole officially opened. At 22:00 on Friday night, Federal Reserve Chairman Powell will discuss the economic outlook at the Jackson Hole annual meeting. These speeches and meetings will bring important signals to the market, which is expected to be more volatile this week. The next two meme event hot spots are predictable and timely. It definitely has a money-making effect.
First, Cz's cousin will be released at the end of September. I haven't checked the specific time. There are memes related to Cz. There is no need to ask whether the market will have new ones. The community was relatively good before, and I have never heard of this concept. Second, whether Trump can become the president of the United States will be announced in early November this year. If he is elected, related concepts such as Maga, Trump, and Fight, which have absolute community support, will definitely be hyped. At present, they have fallen a lot. After all, the early stage was crazy. This kind of token is very likely to be hyped before the election results are announced. These tokens are definitely opportunities, similar to dacc. When I bought it last year, it fell by 80% and I thought it was zero. It has risen dozens of times in the past two days, just because of Vitalik Buterin.
Meme is very pure and simple, without so many routines. As long as there is popularity, traffic and discussion points, it will grow.
Although many analysts believe that the altcoin season may not reappear, the situation is not that bad from the perspective of data indicators. However, indicators are only a feedback of historical data and cannot fully predict future market trends. As for whether Bitcoin will set new highs this year, everyone has their own opinions on this issue, and other people's opinions are not very helpful for your operations. What you may need to pay more attention to is whether your risk assessment and position management are reasonable, so it is recommended that you spend more time reflecting and adjusting these two aspects. As for the direction of the market, we can first observe the performance in September and October. At present, the market situation is mainly affected by liquidity, which is closely related to the macroeconomic situation. In general, the market is now in a critical adjustment period, with both favorable factors and some unfavorable factors. The risks at this stage are often the greatest, and the market may need more liquidity stimulation and new narrative stories to promote the emergence of a big bull market.
If you feel that you cannot make a decision, then the best thing to do during this period is to wait and see. If you decide to continue, our advice is: if you believe that the bull market is still going on, you can buy Bitcoin or Ethereum in batches within your acceptable price range, then wait patiently and be prepared to hold it for a long time. Again, give yourself more time and wait patiently, the market will soon explode. #山寨币热点 #杰克逊霍尔年会 #山寨季何时到来？ #TON #Ripple于诉讼中取得部分胜利
