Black Friday is here again, everyone be prepared for 8:30 p.m.

Because the July PCE, August PMI, consumer confidence index and one-year inflation expectations will be announced tonight; these data will undoubtedly cause greater volatility in the current low liquidity market, so I personally do not recommend short-term trading, and it is very likely to stop losses back and forth;

Moreover, malicious market conditions are generally prone to occur on Fridays, usually manifested as a pull-up or smash of the market on Friday, and a sideways trend with reduced volume over the two-day weekend, torturing those who hold orders.

Market analysis: First, let's review yesterday's market. The big cake hovered around 59,000 for most of the day. In the evening, the bulls launched an attack and took the 61,000 high ground around midnight. The bears also ambushed here and suddenly broke through 59,000 at around 2 o'clock. The two sides confronted each other near 59,000 again.

The situation yesterday was that the bulls were relatively strong. After all, the battlefield changed from 58,000-60,000 to 59,000-61,000. Although the bulls were severely beaten by the air force at 61,000, they finally took 59,000 and were moving forward.

Back to today's market analysis: From the K-line, the 1-hour level has stopped falling and is about to enter an upward trend. The 4-hour level can go up or down. I personally think there are more opportunities for an upward trend. The 12-hour and daily levels are in a downward trend. The intraday pressure level is 62,000 and the support level is 57,000.

Will there be another big drop in the current environment?

Xianxian doesn't think so. In January this year, the Bitcoin ETF was approved, and in May, the Ethereum ETF was also successfully passed. This is a milestone event in the field of cryptocurrency. Looking back a few years ago, the global crackdown on the blockchain industry and virtual currencies was terrifying. However, in just a few years, the situation has changed dramatically. Countries have begun to favor virtual currencies, not only accelerating the legalization process, but even setting up exchanges to allow retail investors to trade legally.

The passage of Bitcoin and Ethereum ETFs has opened up new traffic channels for the crypto market, allowing both retail investors and large institutions in the U.S. stock market to directly participate in investment. What does this mean?

This means that institutions like BlackRock, which control huge amounts of money, have begun to hoard Bitcoin and Ethereum in the crypto market. This is just the beginning. Once they have raised enough chips, they will increase their publicity efforts to attract retail investors to buy ETFs and other cryptocurrency fund products.

Why did the market not surge after the ETF was approved, but instead fluctuated for six months?

The reason is that traditional financial institutions are absorbing chips. They need to accumulate enough chips before promotion, and when the time is right, they will promote it to retail investors, so that a large amount of funds in the stock market will flow into the crypto market. When this situation is completely opened, huge amounts of funds will continue to flow in, injecting new vitality into the crypto market and opening up a new market.

Coupled with the fact that there will be several major favorable news coming out in September, the cryptocurrency world will definitely be full of opportunities in the future!

Of course, Xianxian’s views are not made up out of thin air, but are based on careful observation of market trends.

What does a real bear market look like? The typical characteristics of a bear market are large-volume declines, small-volume increases, and continuous new lows.

However, a closer look at the monthly charts for Bitcoin and Ethereum shows a different trend: both lows and highs are being made, and this is only the first time the previous high has been broken.

The pullback in recent months has been accompanied by severe volume decline. The decline in volume indicates less selling pressure, which means that the selling mainly comes from small funds. In other words, retail investors are selling.

Why would retail investors sell?

Because they have lost patience and are disappointed with the market in the past few months. Behind this grinding phenomenon, the main funds are actually absorbing funds. The main funds do not pull the market, causing retail investors to sell under the pressure of the previous high, and the market has therefore fallen.

But why didn’t the market continue to fall? This is the key! Because the main players are taking over. Retail investors are selling, and the main players are taking over, which has led to repeated fluctuations in the market over the past six months.

Looking at the K-line in the last two months, it is obvious that the lower shadow is getting longer and longer, which shows that the main force bought in a large amount after the panic selling of retail investors. The formation of this lower shadow shows that the main force's accumulation phase is coming to an end and began to buy in a large amount without hesitation.

Combining the analysis of capital and technology, the answer is obvious. Capital alone is not enough to draw a conclusion, it must be combined with the market trend to see the whole picture of the market.

Over the past six months, the main force has created panic through various negative news to induce retail investors to hand over their chips. This is a typical trading method of the main force. If you don’t understand technical analysis, you can’t tell whether it is a bull market or a bear market, and you can’t judge the stage of the market. It is easy to fall into the trap of the main force and lose your chips.

Keep the chips in your hand and wait for the real big opportunity to come!

The current bull market cycle has not yet entered its peak stage. I am still optimistic about the accelerated market in the fourth quarter. It is expected that Bitcoin will break through $100,000, which is still within reasonable expectations. At the same time, the bull market of altcoins will also arrive as expected.

Recently, Binance has been frantically launching contract trading pairs for old coins. It has launched mbox and chess one after another. After the good news was announced, the prices of these two projects almost doubled. Coupled with the listing of various contracts in the past few days, the wealth-making effect is gradually spreading. Binance currently has dozens of projects that are spot trading but have no contracts. If you are lucky, you may be selected for projects that are about to list contracts.

Not only that, recently listed currencies, such as dogs, ton, banana, and $ro, have performed well in terms of both trading volume and price trends. This shows that market makers and retail investors are paying more attention to new currencies, and market sentiment is gradually being mobilized. These signs all suggest that the altcoin bull market is coming!

As the fourth quarter begins, we will usher in a period of altcoin frenzy. Everyone must seize this opportunity to adjust positions and asset allocations in a timely manner to ensure maximum returns in the upcoming altcoin bull market!

If you don’t know what coin to invest in, pay more attention to these two coins

PEPE: Again, memecion will run through the entire bull and bear market. This track should be the only one that can run through the bull and bear markets. There will always be a new king of local dogs born in each round. I think this wave of retracement to around 05 is the top, because the starting point of the previous wave of rise is around 04. This wave of performance is so strong that most of the altcoins have returned to the previous bear market lows. The altcoins that can avoid the previous lows show that they are protected by strong dealers and favored by capital.

floki: The gaming track should be the one that remains on the rise in an overall downward environment, and many of the targets on this track depend on the cycle of the game itself, and not many of them can last long.

Floki is a meme, and it also does games and automatic trading. In addition, it is a BSC project that was airdropped on the 29th, which means that the BSC ecosystem is quite supportive of this target. To some extent, it can be a game track, a meme, and a BSC ecosystem. It is definitely killing two birds with one stone. 010 is definitely a strong support position. My own capital is also at this position. Anyway, if it is lower than this position, it is not the bottom and it is underestimated.

These four coins are about to usher in good news (the premise of the good news is that the market has not collapsed)
1. Currently, 1/3 of ETH is locked in pledge, and the exchange is starting to outflow. There will be a Prague upgrade at the end of the year. Every upgrade will start to hype two months before. The previous upgrades had more or less an 80% increase. ENS and SSV are ambush at low prices.

2. Apple will hold the Apple 16 conference at 1:00 am on September 10, which will fuel the rise of the AI ​​sector. FET and RENDER will fall and buy at the bottom, which will pull up again.
3. The PEOPLE general election debate on September 10th will increase the price again. Currently, I have been waiting for all stocks to be cleared on September 9th.
4.matic About Mati Coin Swap 09-10 03:00 Binance will delist all existing MATIC spot trading pairs and will open new currency POL trading pairs. You can ambush at the 0.41 and 0.39 support levels.

Finally, I would like to remind everyone: stay optimistic, stay away from leverage, and hold spot positions.