The cryptocurrency market has been dull recently, with BTC, ETH and altcoins generally falling, and market liquidity lacking. Macro factors have a significant impact on cryptocurrency, especially non-farm payrolls data, CPI price index and the Federal Reserve decision.
Non-farm payrolls data: to be released on September 6, stronger-than-expected data could push up the dollar and weaken expectations of rate cuts.
CPI Price Index: released on September 11. If the data continues to fall, it will support a rate cut in September.
Federal Reserve decision: to be announced on September 19, the market estimates that there is a high probability of a 25% rate cut, but a rate cut may not immediately push up cryptocurrencies.
We need to pay close attention to these data now so as to adjust investment strategies in a timely manner. It will take time for market liquidity to recover, but a turnaround may not be far away.
Hot News:
1. $BTC $ETH - Yesterday, 10 Bitcoin ETFs had a net outflow of 5,514 BTC, and 9 Ethereum ETFs had a net outflow of 4,551 ETH
2. Tiger Brokers launches $AVAX $LINK $APT and $TON virtual asset currency trading
3. CFTC files lawsuit against @Uniswap and reaches a settlement
4. World Liberty Financial, a cryptocurrency project supported by Trump, focuses on security and stablecoins. The project plans to cooperate with @aave to develop a platform in the DeFi field; affected by this, $AAVE soared;
BTC
55600-54500 rebounded after precise pin insertion! Is the current price going up or down? If it does not fall below 57300, there is a high probability that it will continue to test 59300-59800 upwards. If it falls below, there is a high probability that it will continue to go down and test 56700-56300!
ETH
The price started to rebound near 2300. If the current price does not fall below 2420, there is a high probability that it will continue to test 2520-2560 upwards! If it falls below, first look at the reaction of 2400-2390 downwards!
SUN
The 130-125 area inserted 122 and then retracted, rebounding strongly. Now we are looking at the price reaction in the 135-138 area. If it is rejected, we are waiting for the opportunity to buy at 129-127!
The information and data involved in this content are derived from publicly available materials, and we strive to be accurate and reliable, but we do not guarantee the accuracy and completeness of the information. The content does not constitute any investment advice, and you are solely responsible for investing based on it!
