Important data released tonight


20:30 pm, US unemployment rate for August announced
Previous value: 4.30% Expected: 4.20%
Lower than expected is positive, higher than expected is negative

At 20:30 in the evening, the seasonally adjusted non-farm payrolls for August in the United States will be released
Previous value: 11.4 Expected: 16
Lower than expected is positive, higher than expected is negative


Market Analysis


The market has reached a critical point. Tonight there will be non-agricultural data. Pay attention to short-term fluctuations. I looked at a lot of data this morning. Combined with the market, I would like to talk about the current trend expectations. First of all, the price has been falling recently and the market sentiment is pessimistic. The big cake is fluctuating back and forth and falling. The contract harvesting has caused the spot cottage to be very poor. Many people have begun to change their thinking and chase short contracts. Or high leverage for volatility, which is also the thinking that the current dealers need to cultivate.


From the current perspective, combined with the 24-hour and 7-day contract liquidation charts, some altcoins on the market have shown some resistance to falling. I think this is a short-term turning point, so don't chase the shorts.

The price is sluggish and only leverage can be used to gain profits. The main force is currently cultivating air forces and shock players for subsequent harvesting. The big pie is in the process of continuous decline.


At present, the daily line is equivalent to a trend of a second test of the low point. Comprehensive observation of the market shows that some of the altcoins have stopped falling and started to show resistance in batches. Because the altcoins are currently at the bottom of the daily line of the big cycle, many have fallen back from the last high point, so they are not willing to fall too much. The contract rates of most currencies in the market are at a historically low level, and the fear index is also at a low level.


Based on the above judgment, the worst performance is to use the downward data to get the remaining long stocks near 54,000 at night, and then let the market panic and chase the shorts, and then quickly pull back to start harvesting the shorts! The second is that today's data is positive, directly harvesting the shorts and then slowly fluctuating down

8 signs before the bull market comes, how many of them does the current market already match?


1. The bottom consolidation time is extended


Before the bull market comes, the market often goes through a long period of bottom consolidation. During this process, the price of the currency fluctuates slightly and the trading volume is relatively low. But as time goes by, this consolidation state will gradually be broken.


2. Investor sentiment turns from pessimistic to cautious


At the end of a bear market, investors are generally pessimistic, but as the market gradually stabilizes, investors' sentiment will gradually change from pessimism to caution. They begin to pay attention to market changes and look for potential buying opportunities.


3. Small amounts of money start to flow into the market


Although the overall market is still sluggish, some keen investors or institutional funds have begun to quietly flow into the market. These funds may make tentative purchases in small quantities to prepare for the subsequent bull market.


4. Technical indicators diverge


In the market bottom area, some technical indicators such as RSI, Stochastic, etc. may show divergence. This means that although the price of the currency is still falling, the technical indicators have shown oversold or imminent reversal signals.


5. Increased discussion on social media and forums


As the market gradually recovers, discussions on social media and forums will also begin to increase. Investors begin to share their views, opinions and expectations, which helps to increase market activity and attention.


6. High-quality projects begin to gain attention


Before the bull market comes, some high-quality projects with potential will begin to attract investors’ attention. These projects may have innovative technologies, excellent teams or broad market prospects, and their performance can often lead the market’s upward trend.


7. The regulatory environment is becoming more stable


The stability of the regulatory environment is crucial to the healthy development of the market. Before the bull market comes, regulators tend to strengthen their supervision of the market, crack down on illegal and irregular behaviors, and lay the foundation for the stable development of the market.


8. Initial signs of capital inflows


Although the overall trading volume of the market may not have significantly increased, the trading volume of some mainstream exchanges will begin to show a moderate growth trend. This shows that funds are beginning to gradually enter the market, preparing for the subsequent rising market.


Summarize


In terms of the comparison between the long and short positions, the bearish sentiment in the market is relatively high, and the bullish sentiment does not overwhelmingly cover the bearish view. The current market perception is more inclined to believe that there is still a risk of decline before the interest rate cut, and several other major factors such as the election, the US economy, and regulation are still unclear. The market trend may fluctuate violently at any time. However, institutions are generally optimistic about the long-term upward trend of the crypto market, and whales are also quietly making arrangements. Perhaps this is a major driving force for the rise.