Historically, September has basically been a decline, which is in line with the logic of decline

The current oscillation zone has been maintained for a long enough time. No matter how many chips need to be changed, I think it should be almost done. At this time, keeping an eye on several key prices and formulating the next trend trading plan can keep us away from short-term market fluctuations and interference and set our goals for the long term.

If you are bullish, it is obvious that you will tend to the latter potential head and shoulders bottom structure, so you should try to guard against the former continuous decline as much as possible and protect your position. If you are bearish, then the focus of attention is still whether the daily price can stand on the upper edge of the small range of 59,500 and protect your position.

Current market and opportunities

Yesterday, the big cake rebounded slightly and continued to fall. The decline accelerated this morning, with a slight increase in volume. The daily trend broke, which is not an optimistic signal. There is an expectation of continued decline. It is recommended to wait and see during the day. The interest rate cut cycle is coming, and the necessary defensive preparations should be made when the interest rate cut just begins.

The two cakes fell synchronously with BTC, with a slight increase in volume, and have fallen below the 2400 support. The chain continues to be sluggish and has fallen below the shock range. It is temporarily on the sidelines during the day. A new round of rising cycle still requires important positive fundamentals to appear. Wait patiently.

SATS short-term operations are no longer followed up. You can consider clearing your positions around 50. If PEOPLE falls back to 0.05, you can partially open a position and wait for the subsequent market.