9.13 Early Market Analysis Small intraday correction, continued slow growth after U-turn

The possibility of the Fed's 50 basis point rate cut next week digested by the swap contract has increased slightly. Previously, the Wall Street Journal reported that policymakers are considering a 25 basis point or 50 basis point cut. If the market digests the expectation of recession and cuts interest rates by 50 basis points, then the market will be a good positive in the future. It is expected that there will be a rate cut of nearly 100 basis points this year, and there will be a huge amount of funds flowing into various markets.

The daily level of Bitcoin has not stopped. For the time being, there is still room for growth above. The target is about 59,500, and the first increase will stagnate. After that, the highest is around 61,500. The decline has not stopped. After the market rebounds, we will see continued growth.

Daily level market

 Daily level: The daily level market is still mainly looking at the increase, the target is near the bullish pressure near 59,800, the extreme position can be seen near 60,500, and the bottom support is near 57,300.

4-hour level market

4-hour level: The market is mainly in an upward trend, with upper pressure near 59800 and bottom support near 57300. At the 4-hour level, consider entering the market with long orders after falling back to near 57300.

Intraday level analysis

The recent sharp drop in Bitcoin is a normal phenomenon, mainly due to the uncertainty of American politics. As well as the current economic instability, there may be a risk of a hard landing on the news at any time. The current sharp drop and surge are normal. Just keep yourself alive, and don't worry too much about other things.

Intraday callback trend, small-level callback key position near 57300, this position can be entered with long orders, extreme pin near 57000, upper pressure position near 58300 breakthrough to see 4-hour pressure, temporarily, callback decline is the main.

The spot market needs to safely pass this difficult time in the history of encryption and remain calm in the face of things. #美国经济软着陆？ #美降息25个基点预期升温