20240914 Today's Market Interpretation

1: #BTC Bitcoin broke through the 58600 pressure position last night and rose directly to more than 6 am. The high point was around 60600, which directly pulled up more than 2000 points. When it broke through last night, I also told everyone in the Binance voice live broadcast that this kind of rise will continue to rush. It is normal to rush to more than 60. At that time, it was still around 59300. At present, Bitcoin is focusing on the short-term support of 59000 and the pressure of 60500

2: #ETH Last night, Binance and Bread rose together to 2460, which was also a pull of almost 100 points. Pay attention to the short-term support of 2390 and the pressure of 2490.

3: US stocks rose across the board last night, with the Nasdaq up 0.65%, the Dow up 0.72%, and the S&P up 0.54. This week, the Nasdaq rebounded 6%, reversing the decline of the previous week.

4: Focus on the Fed's interest rate decision on the 19th.

In summary, the market is still linked to the US stock market. Last week, the US stock market plummeted. This week, the US stock market rebounded strongly, reversing the decline of last week, so Bread also followed up. At present, the position of Bread at 60,000 basically ended this week. The next direction is to continue to rise or fall. It depends on next week.

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