Technical Analysis: BTC

Since the Fed cut interest rates, coupled with the central bank's interest rate cut yesterday, the recent Asian session has shown a strong trend. #Btcoin

This is also the reason I often mention recently for being bearish after the Asian session has risen. After rising in the early trading on Monday, it quickly fell back and dropped to around 62700 several times.

It rose again in the early trading today, with a small retracement, and is currently stable above 64000 points. From the four-hour level, the bottom has moved up from the previous 62350 to around 62750.

The daily level shows that the center of gravity of the K-line this week has moved up and is arranged in a long position. The market is expected to continue to rise in the short term, and the short-term target is temporarily set at around 66000 points.

The intraday operation suggestion is to mainly go long after stepping back. Pay attention to the support level of 63800-63300 below, guard against possible downward pins to around 62750, and pay attention to the pressure level of 65000-65500 above.

ETH: BTC and ETH alternate between strength and weakness. Currently, ETH is stuck near the top of the box oscillation in mid-August, around 2700 points. The weekly level shows that the three consecutive positive trends are relatively healthy, and the short-term target is 2800 points. #ETHETFsApproved

From the daily level, after the big rise on Monday, the technical side was adjusted on Tuesday and Wednesday, repairing some gaps and waiting for the moving average to continue to move up. After the K-line falls back to the moving average, it is expected to continue to rise.

Intraday operations are recommended to focus on falling back to long positions. Focus on the support of 2630-2600 below, and focus on the 2710-2740 range above. #AI概念币普涨 #新币挖矿已上线HMSTR #币安上线CATI

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