A big part of the reason for this decline is the postponement of Bitcoin’s ETF, which is actually not a big negative factor, but the market reaction was surprisingly “panic”. You can decide for yourself.

Big events in September (I looked around and found that no one has summarized it more completely than mine. You can save it. In addition, there is no content about token unlocking in this summary. You can go to the website directly to check it out: token.unlocks.app, or I will make a copy for September for you later)

Let's talk about the market:

Affected by the news, it has gone back and forth and returned to the starting point. From the chart, the good thing is that Bitcoin's weekly line has recovered; the bad thing is that it couldn't hold up and fell. Currently, the weekly, monthly and quarterly lines have all broken, and the trend is very ugly. Funds are not flowing in, and people are waiting and watching, which means that it will take some time to repair.

Maintaining last week's judgment, the key support line is still at 2.4W~2.5W. I think only if it can go back and forth steadily here will there be new opportunities. The position is maintained at 5 levels, and I hope it can shake more and give the copycats opportunities.

ETH, I checked, some big investors sold 1.8WE, and others are also selling. It's not good for E, nothing much to say, it's relatively weak, the support of 1600 was broken, and it's heading for 1400~1500

Mainstream, BNB is going in a disgusting way, the support of 200 is dangerous, don’t touch it;

XRP has adjusted relatively well and is basically in place. Keep an eye on it. If it does not break 0.45-0.5, there will be opportunities.

SOL, if it falls below the 20 support and cannot recover, it will go further down, so wait and see;

DOT, back to around 4.2 in early June. If 4 is not broken, long-term investors can follow suit. The recent series of operations are good;

As for altcoins, Binance's new coins have risen well recently, for example, the most popular CYBER, which I mentioned in the circle on the 21st and 24th, once it was 4~4.5, once it was 3.6~4, and the highest was 10.5, an increase of more than 150%, the best performance in August. Let me tell you the reasons for choosing it, low market value, high control, easy to pull up, plus there is a price difference in South Korea, which attracts chasing, plus it is new, it will definitely be like this when it goes online, and it must be like this if it wants to reap the rewards.

It can be seen that it is not that there are no opportunities in the copycat market, but that when the environment is bad, the logic of the market has changed. So if you want to play in the short term, you can only observe more. As the old saying goes, you must speculate on the new, not the old. I think, looking at the concept, for example, the DAO sector, which has been a bit hot recently, has a good price-performance ratio.

By the way, you must continue with regular investment, the price-performance ratio is very good now.

[BTC-ahr999's Bull and Bear Indicator] 9 God's Coin Hoarding Indicator not only tells us that the current Bitcoin price has already entered the fixed investment area, but it is even the bottom-fishing area.

Of course, these are only presented by long-term indicators, but this may also tell us that it is time to buy those high-quality altcoins in batches. For investors with some capital, in the darkest moment of this bear market, stockpiling high-quality altcoins in batches will obtain a yield far exceeding that of others in the next bull market!

Favorable currencies in September

Everyone can pay attention to it, but at the same time, pay more attention to the risks, just speculate, play wild, and run away when you make money.

1. GAL launches decentralized identity protocol galxeprotocal, entering L2; Opsidezk mainnet will be launched around early September

2. DYDX had a governance event on September 8, but the mainnet will be launched around September-November

3. AR reported on September 12th that the annual Asian event in Singapore doubled after last year's conference

4. PYR will announce good news at the end of August or early September, but we don’t know whether it is true or not.

5. CAKE just destroyed $11 million worth of tokens

6. CHZ Binance will support Chiliz 2.0 mainnet integration and swap

7. IOST launches mainnet Olympus V3.10.1, block nodes should complete the upgrade before September 10

Combination of hot spots and news:

Today, I would like to share with you some of my personal experiences and summaries of the past few days through a few coins that have seen strong gains.

Everyone knows the three most talked about coins these days: #CYBER, #JOE, #BELCYBER. A few days ago, I accidentally saw a message saying that Korean won trading was opened. I didn’t pay much attention to it at the time. Later, everyone knew that the exchange rate had risen from 3.6 to the current 10.

JOE also sent this message the day before yesterday, and it took until evening from the time the message was sent.

Yesterday, BEL also released a message that DWF was withdrawing coins from Binance and might be making markets, which increased by nearly 20 points.

The latest hot spot is the Korean won trading against DWF. In everyone's concept, a hot spot may be a currency, but from a recent perspective, a hot spot can also exist, ferment, and pull up the market in the form of news.

Hot spots will not appear all at once, whether it is the AI ​​in the first half of this year or the Shanghai upgrade, or the current Korean won trading and DWF market making, they will have a cycle of one month or two months.

It would be good if you can plan ahead and seize the profits, but it is not easy to seize them. It still requires personal market acumen and experience.

No matter what, we must keep reviewing and summarizing, so that we will have a greater chance of catching the hot spot next time.

For example, when can you use stop loss to chase high prices, what is the appropriate profit and loss ratio, etc., you need to think and review more.

Many coins that have risen too sharply have large fluctuations up and down, and are not suitable for leading everyone to play. Fans without technical foundation can easily be trapped or frequently have their stop losses swept, and most fans actually have no technical foundation.

This kind of coin is more suitable for playing with in a small range, and you have some judgment and experience.