Hello everyone, I am your cat brother. I have to send a friend to the station later, so I will speed up today's content.
Still starting from $BTC
585 has repeatedly failed to break through. Looking at the 4-hour K, the resistance level has been vaguely reduced to 582. From here, it starts to move upward. It is all the previous "lock-in area". With the current momentum, it is good if we can maintain it without falling. Pay attention to whether the retracement can get a new support at 576-578. There are still 6 days to the 19th, but there are no signs of the main bulls in the past two days. The upper resistance level is mentioned once a day to save everyone from forgetting it. Starting from 585, 585-589-595-599-605-610-612-615-618-620. At the current speed of pull-up, it can't go any higher.
The upper and middle rails of the daily channel are slowly falling. Wherever they move, the resistance effect will be enhanced. Currently, it has moved to 595. In about 4-5 days, it will reach around 589, at which time, 589 will become a strong resistance. If it cannot reach above 589 before then, when the middle rail price is pressed down, if there is no big positive line from the main force, it will be extremely difficult to rise even with the existing momentum.
Next watch $ETH
The first step for Ethereum to rise is to move the bottom from 2325 to 2340, regardless of where the top is. If this cannot be done, there is no rise. It seems that at 8 o'clock in the morning, it was tested at 2340, but the rise and fall of the daily line are deceptive. Only after the night line US stock market opens, Ethereum will show its true side to us.
The resistance level is still the obvious 2395-2414. A lot of people were trapped here before, and now there is insufficient faith. If the main force does not take action, it will be difficult to pull it up relying on a group of retail investors.
The daily line is still a downward channel that has not changed. The bottom has been slowly rising with the re-building of 2325 in the past few days. The bottom of the daily line is now at 2279. We need to close the line again to see the actual intention of Ether. Now looking at the K shape of the daily closing line, we can clearly see that the momentum of the bulls is constantly decaying. If the line is closed today, it is still around 2325 and the top is still below 2370, we need to pay attention to the fact that there is a high probability that Ether will slowly draw a "small door" for you. The blunt knife pulling meat is the most deadly, because it slowly descends, so that you can't even find a high position to open a short position, but if you don't open it, it will just go down a little bit, a little bit. Recalling the trend from 8.5 to now, you should be able to better understand what "blunt knife pulling meat" means. From 2505 at the beginning of the month, it was a good position, to the current 2325, which is a sneer.
Then look at $SOL
Sol has a new resistance level at 136.7, and above it is 138. At this time, it is meaningless to look at the pull-up, we only need to pay attention to the position of its retracement. As long as there is no lower price at the retracement position, the bullish pattern is fine. Wait and see whether it can get a new support at 134.5. 133.5 has been tested once. If it does not fall below 133, the 4-hour level bullish will not end. There are still 6 days, and the current pull-up speed is too slow.
Looking at the daily chart, we may have to lower our expectations for SOL. If it continues to move downward like this, our September peak this time, the price may only reach the 140-145 range.
Finally, let’s take a look at BNB
Finally, let's look at BNB. Because it has reached the top in 4 hours, we no longer look at the 4h chart. If it does not fall below 536.5 on the daily level, the daily bull market will not end. The suppression effect of 550 above is extremely obvious. It needs to get a new support around 545 before it can break through. If it can go up, there will be no resistance until 572. There is a high probability that there will be an accelerated rise. However, the price of BNB has already risen compared to Bitcoin. The top of 919 is around 572.
Written at the end
1. A gentleman should not stand under a dangerous wall. Don't bet on the dealer's anti-humanity. Good news in the currency circle is good news, bad news is bad news, 99% of the time it is an open conspiracy. In fact, from another perspective, the dealer is also betting that retail investors will understand it in the opposite way.
2. Why do we assume that the market will fall after the rate cut? The answer is: if the rate cut is implemented, then the major positive news has come out. This expectation that has been hyped for nearly half a year is gone. What else is there to wait for if the market does not fall? If the rate cut is not implemented, then it is a big upset + super negative news = a sharp drop.
If you look at it this way, it is almost like it is telling you clearly that the market will fall. What are you still fantasizing about?
3. It does not mean that you must sell your positions at 919, but it reminds you of the risk. You can choose not to sell, but on that day, you must remember to move the stop loss to a little bit below the last support level. In this way, once the price falls, your loss will be relatively controllable, instead of watching your floating profit turn into floating loss, and then into being stuck little by little when the price falls.
