Daily analysis of the cryptocurrency market (01.09)
Summary:
1. Let’s talk about altcoins.
2. Answer questions from fans (central departure from pen and ETH)
3. Is the Sino-US trade war 2.0 the Plaza Agreement 2.0?
4. Let’s talk about the big non-agricultural data and US stocks.
5. Big cycle-short-term-medium cycle
6. The range of 86200-87000 is very critical. After hitting it, start to push losses.
Operation:
1. $BTC is open at 96000. The profit target has been mentioned in the previous two analysis periods. Let’s talk about it again. Take profit in three batches at the weekly EMA30, the daily MA250, and the weekly EMA60. After the price entity falls below 91500 and hits 87000, start to push losses gradually.
2. $ETH is not empty. You can split the position to go long on the exchange rate of Ethereum to Bitcoin. Open positions in batches from 0.032-0.035, and take profit target is 0.05.
3. Hold the short position of $SOL , and do not cover the position. The take profit target is also explained again, and take profit in two batches at 166/144.
4. Ambush Ethereum to make long orders at 2820, do not set loss first, sell half of the position after 100 points of profit, and put the defense at 2720.