Overnight, BTC continued to recover to the 56-57k range, and the market generally did not see a sharp rise or fall. After the opening of the U.S. stock market, the big cake fell slightly, and began to rise after 0 o'clock and hit 58,000 without falling back. Just now there was a small drop, falling below 57,000. It is still hovering here.
In the past 9 months of 2024, the average cost of adding positions is about 63.5k, and now the floating loss is 10%. Looking back, the three instantaneous lows of 53k on July 5, 49k on August 5, and 52.5k on September 7 are the three precise bottom-picking points since this year. I wonder how many immortal hands can catch this fleeting wonderful moment every time, and how much position can be caught if caught? I am afraid it is not easy.
Intensive Data Day
At 8:30 p.m., the previous value of the U.S. CPI data was 2.9%, and the expected value was 2.6%. I feel that this expected value of 2.6% is a bit difficult to reach. If the published data is far lower than expected, it will affect the basis point of the interest rate cut, thus causing huge fluctuations in the market. We should pay attention to this.
The trend of Bitcoin is still in line with the double-explosion trend of the past two months, from 58400 to 52500, and then it fell sharply to 52500 after the unemployment rate data was released, and then it began to rebound, and 52500 came back to 58100, still using the beastly methods of Wall Street. The current market is very interesting, with an upward needle at 58000 and a downward needle at 52500. We have experienced similar market conditions at 60000-68000, but the gameplay has now become the range of 52000-58000, focusing on a double-explosion of long and short.
The current situation is that the market has fallen and rebounded. CPI will be a new watershed market. The CPI on September 11 will give a direction for the market in the next 10 days. Will it continue to rise from 57,000 to 58,000? Or will it fall from 57,000 to 58,000?
At present, the market is weakening! BTC 1 hour at 9 am, this negative line quickly inserted downwards, and has not been recovered for the time being. Don't blindly go long at present. Only when this negative line is repaired and it stands above 58000, the bulls will have the advantage. At present, there are two tops in 1 hour, one top is 58153, and the second top is 58052. The short-term has not fallen below 54800, and the bulls are still dominant. Before the news comes out, it will fluctuate around 58000-54800 in the short term. Now the upper and lower key points have not been broken.
It is recommended to ambush at the bottom of the box in the afternoon
BTC pulls back to 55843.6/55106.7/, buy directly, target at 58153.3, stop loss at 54758.6
ETH pulls back to around 2306.7/2275.65, buy directly, target at 2381.26, stop loss at 2255.93
SOL pulls back to around 130.34/127.72, buy directly, target at 136.46, stop loss at 126.65
In late September, we will deploy these four hot coins:
mkr upgraded to sky; 1:24000 split started on 9.18, RWA sector leader, see if there is any chance Trump was elected on 11.5, Musk entered Trump's cabinet, good for DOGE and FLOKE, in October 2022 Musk announced the acquisition of Twitter, a week of 3 times, Musk moving into the White House will also be hyped 2: 9.20 SOL conference good for SOL, related series of currencies WIFBONK can be configured at a low 3: 9.29 Zhao Changpeng's return is good for BNB, Binance series CAKEEDU can be deployed in advance
