In the early hours of the morning, Bitcoin once stretched to the $58,000 area, which is also related to the market's optimism about the expectation of interest rate cuts. This stretch also exceeded many people's expectations. This sharp rise is usually called a squeeze rise. The price of the currency breaking through the resistance level means that the upward channel is opened, so you can follow the trend and enter the market in the afternoon.
From a technical point of view, Bitcoin's three consecutive positive daily lines formed a small rise in the box range. At present, the price is suppressed by resistance and has fluctuated downward, but the decline is not large and is still in the normal adjustment range. As long as the price can step back and confirm the support, it is expected to rise again.
Monday afternoon suggestion
BTC around 56,000-56,500, target 58,000-59,000
ETH around 2300-2320, target around 2400-2450 #美国大选如何影响加密产业? #美国经济软着陆? #以太坊基金会 If you want to know more about the cryptocurrency circle, click on the avatar to follow me, see my homepage profile, and get free guidance
It is expected that the interest rate will be cut on the 19th, and there are still 10 days left, but many people have already felt that they can't hold on, and many funds have run out. I suggest that investors with limited funds reduce operations, especially those who do not have additional sources of funds. It is best not to borrow money for investment, which is a bottomless pit.
Recently, a super whale has appeared. Since August 26, it has traded 500 bitcoins each time, and has purchased 12,500 bitcoins as of September 7. According to my rough calculation, the average price is US$58,000, and a total of US$725 million is required. The big players are buying the bottom, and most of the current big player position data show that funds are flowing in, while ETFs and retail chips are continuously flowing out. It is expected that before the interest rate cut, Bitcoin may have a tentative bottom around 48,000 points. The overall market situation is still in a weak period of washing.
This year's trend basically replicated last year's situation. After peaking in March, it has been falling all the way without obvious respite. In the past week, the market has fallen by several percentage points every day. Last year, the market fell for 6 months before rebounding, and this year it has fallen for 6 months so far. Although the interest rate cut in September is nominally positive, the capital market usually reacts according to the actual situation after the positive impact is implemented. At present, the US stock market has responded to the interest rate cut in advance, showing a trend of falling and correcting.
Personally, I thought that the US stock market might have a small adjustment (in my system, a small adjustment refers to within 10-15%, and the Nasdaq may have a larger adjustment), but the current adjustment range does not seem to be in place.
Even if we refer to the adjustments before and after the first interest rate cuts in 2019 and 1995 (about two months in 2019 and about three months in 1995), the adjustment time of the US stock market from the high point in mid-July to now is only one and a half months. Enter 👗➕: kiooo1026
In addition, the situation of this year's election is very complicated, and it is reasonable for funds not to enter the market in a big way before the results are clear.
Before the final adjustment is in place, the market is expected to have repeated changes, because although the market expects a recession, the essence of the recession has not yet been confirmed, and it is normal for the subsequent situation to be dispelled. Before and after the interest rate cut, the market trend may also be affected by the election situation. #美国大选如何影响加密产业? #以太坊基金会
As the bull market enters the second half, how to invest in copycats? Here are three ideas:
1. Wall Street ideas:
Keywords: Profitability, compliance Features: Projects with clear business models, good profitability, and good compliance may be preferred projects for Wall Street funds, with DeFi and RWA being typical representatives.
2. Retail ideas:
Keywords: Fairness, Emotion Features: The issuance method is more fair, expressing dissatisfaction with VC and institutions, with inscriptions and MEME being typical representatives.
3. Innovative ideas:
Keywords: Major innovation, unprecedented model Features: With major technological or application innovations, it is possible to change the new model and new track of the industry, such as inscriptions and social networking are typical representatives.
The first type is more stable and has a high probability of completing the entire bull market; the second type has strong explosive power, high returns and high risks, and strong mobility; the third type has strong explosive power, high uncertainty, and may be falsified, becoming the target of capital speculation and harvesting
#美国8月非农就业人数不及预期 #以太坊基金会 #美国经济软着陆? If you want to know more about the currency circle, click on the avatar to follow me, see my homepage introduction, and get free guidance
Big Pancake Auntie went up and then fell back, encountering the four-hour 60-day moving average of 56700 support! Shock is accumulating momentum, early shorts wait patiently!
The market review and analysis on September 10 are as follows: BTC has a slight deviation in the short term, but the overall trend is still correct. In the early morning, BTC hit a strong resistance level of $58,000, which is a key point. Yesterday's prediction was that BTC would not break through $56,500, but the actual situation showed that this position was broken through and reached the expected target.
Due to the large number of live viewers yesterday, the live broadcast time was only one hour. Ethereum (ETH) hit a high of $2,380 near the moment position, and the overall market performance was in line with expectations. This short-term operation of Ethereum has certain opportunities, but the support point at the $58,000 line is also more critical. It has been mentioned in the live broadcast that the upper space is divided into two oscillation ranges of $58,000-60,000, so the current trend is bearish and it is expected that the market may fall further.
From the BTC four-hour level, the current pin market is at a strong resistance position of $58,000. If the market falls back, the intraday support point will initially focus on $55,600-56,000. The support level is around $58,000. If it breaks through, the new support level may be in the $57,600-58,000 range. Enter 👗➕: kiooo1026
In the short term, the BTC price will not rise again. The effective support level during the day is recommended to be around $54,000. The rebound space should not be overly optimistic, because the rebound may not be as significant as ETH. Overall, the price fluctuation range of the big cake is large, but the price fluctuation of the second cake is relatively small. The intraday support level is recommended to pay attention to $2,280, and pay attention to the effective support in the $2,200-2,240 range. #美国经济软着陆? #以太坊基金会 #美国8月非农就业人数不及预期
$SOL 's trend is much weaker than most people expected. During the last wave of rebound, some panic funds poured into the SOL ecosystem, resulting in heavy capital holdings and greater pressure.
The market has a characteristic: when most people are optimistic, it is often accompanied by the risk of washing. Therefore, at this stage, we need to be vigilant about potential callbacks or shocks.
#美国经济软着陆? #以太坊基金会 #美国8月非农就业人数不及预期 If you want to know more about the currency circle, click on the avatar to follow me, see my homepage introduction, and get free guidance
Don't be in debt now, especially with contract leverage. The market is not fatal, but your mentality is. Don't make random operations, and don't change positions frequently. Hold on to the remaining "seeds".