News:
1. According to CME's "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 70%, and the probability of cutting interest rates by 50 basis points is 30%;
2. Fed survey: The cryptocurrency holding rate has not increased with the market recovery, but the willingness to buy has increased;
3. The US SEC warns of the risks of Bitcoin and Ethereum ETFs, calling BTC and ETH highly speculative investments;
Technical aspects:
Big cake: From the weekly level, it rose sharply again in the early morning, reaching a climax, and then quickly fell back after hitting the 58,000 position! 58,000 is the 7-day moving average pressure point of the weekly line, and it is also the bottom position of the box shock in the past month. The selling pressure of the locked-in disk is serious, and a pullback in the morning is inevitable! The range of 58,000 to 60,000 will become an important threshold for the reversal of Bitcoin bulls. Before breaking through this threshold, do not look at reversals, only rebounds. At the daily level, yesterday's 14-day moving average was broken and the upper shadow line was closed. The market opened below the 14-day moving average in the morning. The overall oscillating downward trend has not been destroyed. Intraday operations continue to focus on high altitudes. The upper pressure focuses on the 57500-58000 position, and the lower support focuses on the vicinity of 56000 points. If it falls below, look at 55000 points.
Two cakes: Compared with the rebound of the big cake, the performance of the two cakes is relatively weak. The corresponding point should be around 2500 points. The highest point yesterday was around 2380. The bottom of the box above Ethereum is around 2440. From the daily level, the overall oscillating downward trend has not been destroyed. Intraday operations are mainly bearish at high positions. The upper focus is on the pressure of 2360-2400. The lower side looks at around 2300 points first, and then around 2240!
Shanzhai: Big cake rose for three consecutive days, with an increase of nearly 10%. Under the premise of high bullish sentiment in the spot market, most Shanzhai are still fluctuating at the bottom, with a weak trend, and the increase has not gone out of the corresponding 20%. Looking forward to the return of Shanzhai dog village! In the later stage of spot, you can focus on the buying opportunities of floki, sol, zro, and near.
The currency market fluctuates greatly, and you need to be cautious when entering the market. This is my personal opinion, no suggestions, and only for sharing
