September 4

Handsome Research Report

BTC rebounded slightly yesterday and then continued to fall. This morning, the volume increased slightly and the decline accelerated. It has now fallen below 57,000. The daily and 4-hour trends both broke through. The net outflow of ETFs accelerated. The US stock market also fell. The market expectations are still pessimistic. After the 57,000 break, the support below is relatively fragile. The next support is at the lower edge of the descending channel, near 53,000. Pay attention to the rebound during the day and be prepared for continued correction. It is recommended to wait and see today. You can choose to start tomorrow. Gamble on Friday's data market. The interest rate cut is approaching. There is a high possibility of a correction before the start of the interest rate cut cycle and in January and February. This is the case for every round of interest rate cuts, but the big cycle is absolutely positive. You need to wait patiently. The expectation of a 50 basis point interest rate cut in September has declined. The expectation of the big cycle has not changed. The bull market expectation is still built on

ETH fell synchronously with BTC, with a slight increase in volume, breaking through the range of fluctuations. After breaking 2400, the support below began to weaken. The next support is near 2200 , pay attention to the rebound during the day, and be prepared for further corrections. ETH's on-chain GAS has fallen to a new low in 5 years. The on-chain environment is sluggish and has almost touched the bottom line. Keep holding. A new round of rising cycle is not far away. The altcoin sector fell synchronously with the mainstream. SATS is no longer following the construction. Clear the position when it rises to around 50. The mid-term holding can be seen to be around 80. There will be major positives in September. PEOPLE can also be used as a key currency. If it falls back to around 0.05, you can consider replenishing it. Wait for good expectations before the November election. CKB is temporarily on the sidelines. Holders continue to hold and wait for subsequent positives. Other altcoins are waiting for the latest news. Fundamental news: Pay attention to this Friday's non-agricultural data. Primary market information: RGB++ continues to pay attention. Seal (SEAL) has performed well recently. Wait for more positives from RGB++. You can consider buying in batches in the future. The rune market is still sluggish, wait and see. Unisat's latest second-layer protocol Fractal Bitcoin officially launched the test network, and the main network was launched on September 9. The latest Swap has been launched on the test network. Pay more attention to it. It is super big.

Intraday mainstream currency support and resistance:

Today's intraday market, BTC's lower support is 55000-55500, and the upper resistance is 58000-58500. ETH's lower support is 2250-2300, and the upper resistance is 2420-2470

Today's Greed and Fear Index: 27 (Fear)

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