9/18 market quick overview:
BTC soared to a high of 61,345 last night, instantly evaporating 1.1 billion yuan, causing 49,014 investors to suffer heavy losses. BTC is currently adjusting near the 60,000 mark, and the Federal Reserve’s interest rate cut decision will be released tonight. Market expectations have been partially reflected, please control your positions, and short-term traders are wary of large fluctuations at night.
On-chain dynamics:
The selling pressure on BTC is stable, the selling pressure on ETH is rising, and the bottom support has not been strengthened. ETF capital inflows were significant, and the market as a whole was weak and volatile. The short positions of BTC and ETH are strong, and the market will reposition after significant fluctuations before and after the data is released.
Key event notice:
- September 19 02:00: Federal Reserve interest rate decision announced
- 02:30: Fed Chairman Powell’s press conference
- 19:00: Bank of England interest rate decision
- 20:30: The number of people filing for unemployment benefits in the United States this week is released
- September 20, 11:00: Bank of Japan’s target interest rate announced
Technical analysis:
After the 4-hour K-line broke through the middle track of the Bollinger Band, it encountered resistance and pulled back near 61214, and is currently supported near 59799. MACD forms a golden cross on the water, and KDJ prepares for a golden cross above 50, showing an ascending triangle bull trend. However, there is a top divergence between the 6-hour K-line and MACD, which indicates the possibility of a correction. A correction to the middle Bollinger track or the chip-intensive area will be a good buying opportunity.
Section Highlights:
New coins on the bn platform, neiro, babaydoge, and turbo, rose strongly. Among them, neiro soared 20 times in two days and became a hot topic. Promote market enthusiasm through the strategy of first suppressing and then increasing.
1. In the future, the focus will turn to meme stocks with smaller market capitalization and dispersed ownership. Meme has become the core driving force of this bull market.
2. The growth of uxlink in the social field is astonishing. As the infrastructure of Web3 social, it has recently been launched as a contract on bn.
3. The new public chain sui performed strongly, and usdc issued tokens on the sui chain. The $blub within the ecosystem has increased significantly and is the leading meme project of the sui chain.
4. Modular projects tia, dym, and saga have rebounded strongly after experiencing overslumping. Among them, tia is expected to have a large number of tokens unlocked in October.
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