Today, September 19, a quick overview of market highlights:
1. The interest rate cut is good for the short term, and it is recommended to reduce positions and wait and see: the news of the interest rate cut boosted the market. It is recommended to take profits in short-term positions in a timely manner and cautiously test the market reaction.
2. The market trend is unclear, and it will take time for the continuous rise: MA60/120/250 moving averages are chaotic, and it will take time for the market to form a continuous rise trend.
3. The recommended currencies have good performance, and new potential stocks are to be discovered: FET, WIF, PEPE, and PEOPLE have strong performances; between SUI and FTM, who is more likely to become the next REEF is worth paying attention to.
4. Future monetary policy outlook: Powell predicts that monetary easing will occur from Q4 2024 to 2025, and capital liquidity will increase. The market is optimistic in the long term, but the short-term BTC three major lines (MA60/120/250) are still in chaos. It is expected that it will be difficult to continue to rise in the short term. MA120 constitutes upper resistance, and BTC's upward momentum may face a correction.
5. Operation strategy:
-Spot mid-term: high-quality altcoins can continue to be invested.
-Spot short-term: after the daily line is positive/big positive, consider selling and set a callback of 20 points to cover.
-Contract short-term: high-win rate, high-yield strategy is worth following, keep the idea of shorting at highs to optimize trading efficiency.
6.BTC technical points: short-term resistance range 62570-63220, first support 60050, second support 58870.
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