September 7 Market Analysis

Saturday was a day with average trading volume. The market also said yesterday: BTC will accelerate its decline in the short term and hit 52,500. Normally, when BTC falls by 5%, the cottage industry does not fall sharply. The reason is very simple. The previous decline is enough, and many cottage industries have returned to the starting point of the bull market.

The Matthew effect between cottage industries is getting stronger and stronger. The strong will always be strong, and the weak will only go to hell.

There is another reason. The cottage project parties are also waiting for the market in the second half of the year. At this point in time, if the market continues to fall, the chips may be distributed. At this time, the project parties, the serious project parties, do not distribute chips (except for the unserious ones, those who just want to sell the project).

Add and analyze the market:

BTC:

The general trend is still short-selling, and the moving average diverges downward. The first pressure position here is 55,500. The previous support position turns to the pressure position. The 4-hour level is a rebound market.

The 15-minute BTC market has gone from small to large, and there may be an upward spike in 15 minutes. Note: I analyzed the trend at a macro level and then looked at the trend at a micro level.

ETH:

The trend is similar to BTC. The first pressure point is 2300, but this point can be easily broken. The spot bottom position is 2000 US dollars. If this position is reached, it will be a very ideal position in the second half of the year.