20240912 Today's Market Interpretation

1:#BTCBitcoin started to fall back from the high of 57,000 last night, and the lowest point was 55,500. It fell 1,500 points and began to rebound, reaching the highest point of 58,500. Although it fell below the key support of 56,000 in the past two days yesterday, it quickly recovered. At present, the focus is on the support of 57,000. If it falls back to here and does not break, it will continue to sprint upward

2:#ETHLast night, Binance started to fall back from the high point of 2355, and rebounded after hitting the lowest point of 2277. It reached the highest point of 2390 and started to fall back. Ethereum will continue to rise after falling back to 2330 and stabilizing here.

3: US stocks rose across the board last night, with the Nasdaq up 2.17%, the Dow up 0.3%, and the S&P up 1.07%.

4: Focus on the interest rate decision on the 19th.

5: Summary of the market, the market is still linked to the trend of US stocks. The decline of Binance last night was because the US stock market had been falling at that time. The high point of the Nasdaq fell by nearly 1.5%, and the S&P and Dow also fell by more than 2%. There was no full rebound of the US stock market, so Binance also followed. At present, the market is still on the rise. Pay attention to the short-term support of 57,000 and the strong support of 55,500 during the day. The operation suggestion is that the market is still mainly low-multiple.

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