News:
1. According to Lookonchain monitoring, a whale deposited 8,651 ETH to Coinbase 6 hours ago, worth about $21.47 million, and made a profit of about $5 million;
2. Mt. Gox still has more than $2 billion in BTC to be distributed to creditors, and BTC faces potential selling pressure from the United States and the United Kingdom;
3. Historically, the return rate in September is negative, and the market is about to respond to the US employment data released on September 6;
4. A whale address starting with 0x564 is suspected to have cleared 5,419 ETH (about $13.62 million) opened 7 months ago. If sold, it will make a profit of $970,000.
Technical:
BTC: Yesterday, I said that the big one was coming, and it just fell and rebounded from the first target of 58,000 mentioned yesterday. This big one will not be far away. According to the nature of the market, it is most likely to be in the early hours of Sunday! The monthly line is about to close today, and the closing line is below 60,000. The short-term downward target can be seen around 51,500 points. From the weekly perspective, this week's real negative line is closed. Next week, which is the beginning of September, the market continues to fall in line with market demand, making room for a rebound for interest rate cuts. The daily level is in an up-and-down pin-splitting oscillation market, and the K line is waiting for the daily 7-day moving average to extend downward and move out of a healthy downward pattern. In terms of intraday operations, continue to be bearish, and focus on the pressure of the 59,700-60,200 position on the upper side. The support below is still 58,000 points first, and then around 56,000 points.
ETH: The daily level is in an up-and-down pin-splitting oscillation market, and the K line technical gap repair is basically completed, and the upper moving average continues to extend downward. In terms of intraday operations, maintain a high-level bearish mindset, focus on the pressure of the 2550-2580 position on the upper side, and continue to look at 2440 first and then 2400 on the lower support.
Shanzhai: After a week of continuous sharp decline, a small rebound began at the weekend. If the collective dive continues on Sunday, next week will be even darker. Everyone should stay rational and wait and see!
SATS: The first wave of this round of callback has been completed. After a small rebound at the weekend, the second wave of decline is yet to come out. Focus on the pressure of 305-315 during the day.
PEOPLE: The daily level is about to usher in a double top signal. Focus on the pressure of 74-76 above, and wait for bearish signals.
The currency market fluctuates greatly, and you need to be cautious when entering the market. Personal opinion, no suggestions, only for sharing
