Today's market analysis
Without the stimulation of data and news, the market sentiment is depressed again, and the funds flowing into the market are gradually decreasing. The fact that the US stock market did not hit the upper pressure level again after opening yesterday is enough to show that the market's buying sentiment is gradually declining. Today, the overall market is also in a state of decline. Although the decline of BTC is not large, the cottage has shown signs of being unable to hold on, and the callback is relatively strong. The 4H divergence of the big cake has been solved. You can observe the decline carefully this time. There are many lower shadows, which proves that the bulls are still relatively strong. Unlike before, there is almost no decent rebound. However, yesterday's closing line did break the short-term upward trend. If this position cannot stand at 64,000 again today and tomorrow, it is not ruled out that the door will return to 61,500. If it stands back, there is still a chance to reach 67,000+.
Intraday pressure and support
BTC pressure 63000/64200 support 61600/60000
ETH pressure 2685/2750 support 2580/2530
Spot sector analysis and recommendation
B An, a copycat, made a market again today. To be honest, I have never heard of NULS. A contract went online directly at 30%. DOGS came up with such a big selling pressure that it even reversed. B An and DOGS are really two different coins. FET has experienced a long period of decline and is about to reverse. 1.5 is a relatively large resistance level. If it can break through strongly, there is still room for improvement. However, it may encounter resistance and adjustment at present. Looking back at the market trends in July and August, you will find that the market is clearly manipulated. It bottomed out twice and then rebounded 30%, as if someone deliberately took arbitrage in this range. And every time there was bad news that caused the market to panic and then fall, there was a moment of losing confidence in the market, but I still firmly believe that the bull market will come. The most important thing in this process is to protect your own capital, and then accumulate capital through some opportunities hidden in the market, waiting for the day when the bull market comes!
