20240910 Today's Market Interpretation

1: #BTC After the opening of the US stock market last night, the big cake fell back from 55600 to around 54800 and began to rebound, rushing to around 58100, rising 3000 points, and then began to fall back. As of now, it has fallen back to 56700. At present, the big cake has shown signs of reversal from last week's decline. I personally think that the probability of the market falling below 52500 this week is very low, unless there is an individual major negative news. The big cake is currently focusing on the short-term support of 56100. If it stabilizes and continues to rise, it will enter a consolidation again if it falls below it. The pressure is 58000. The short-term operation is recommended to focus on low and long

2: #ETH The trend of the two cakes is basically linked to the trend of the big cake. It is relatively weaker than the big cake. Pay attention to the short-term support of 2320, the strong support of 2240, and the pressure of 2420

3: #PEOPLE People rose sharply yesterday, starting at around 0.054, and pulled up to 0.064, an increase of 18%. The reason why it can rise so much is mainly because the market is speculating on the debate between Trump and Harris on the 11th. Because People is the first leading coin of the DAO concept, and this year is the November election in the United States, there has been capital speculation. It just so happens that this wave of market decline has also brought People down to the bottom

4: Pay attention to the debate between Trump and Harris at 9 am tomorrow. Trump is a supporter of cryptocurrency, and Harris is an opponent of cryptocurrency

5: Pay attention to the CPI announced at 20:30 tomorrow night

6: Pay attention to the interest rate decision on the 19th

Follow me and I will not get lost. Share the market every day, and analyze the market on Binance live from 9 to 12 pm every night