News:
1. The minutes of the Federal Reserve meeting showed that the vast majority of members supported a 50 basis point interest rate cut at the September meeting;
2. In the past 24 hours, 7,000 ETH related to the PlusToken Ponzi scheme were transferred to exchanges;
3. The Chairman of the US SEC: Cryptocurrency is unlikely to become a mainstream currency;
Technical aspects:
BTC: From the trend point of view, a large negative line in the early morning broke through the recent low of 61,700 and reached around 60,000 points, completely opening the short trend. The second wave of decline has already gone halfway, and the short-term small target is around 58,000. At the same time, the selling pressure formed by the shock near 62,000 points will become an important pressure point for the later rebound. From the 4-hour line, it fell below the recent low to around 60,000 points and stopped falling. At present, there has been a slight rebound, and the upper selling pressure started at 61,700. In terms of intraday operations, we can continue to maintain a high-level bearish view, focusing on the pressure at the upper 61100-61600 position, and the support at the lower level focuses on the 60000-59500 point position!
ETH: From the trend point of view, the recent low of 2400 points, which has been emphasized, will open the second wave of decline. At the daily level, the K-line fell below the moving average support, and the overall arrangement showed a typical bearish trend of big Yin and small Yang. At the 4-hour level, the recent low of 2400 points fell below, opening up the space below, and the short-term focus below is around 2300 points. At the same time, starting from the 2400 point position, there will be a large degree of selling pressure. In terms of intraday operations, continue to maintain a high-altitude thinking, focusing on the pressure at the 2405-2430 position above, and focusing on the support at the 2350-2320 position below.
Shanzhai: What you can do every day is to wait and see with empty positions. The time to buy has not come. Now it is like pulling teeth from the tiger's mouth to fight for short-term, which is extremely risky. The big cake mentioned yesterday is teetering near 62,000. The strong one-sided rise yesterday also fell sharply today! If there is no opportunity to buy, hold on to the chips in your hand and wait for the opportunity! In terms of operation, you can short the altcoin with low leverage!
The currency market fluctuates greatly, and you need to be cautious when entering the market. This is my personal opinion, no suggestions, and only for sharing
