20240917 Today's Market Interpretation

Happy Mid-Autumn Festival to everyone again

1:#BTC The price of Bitcoin was around 58,500 last night. After the opening of the US stock market, it began to fall back and fell to around 57,500 before rebounding. So far, the highest rebound has been around 58,900. The short-term support of Bitcoin is 57,500 and the pressure is 59,200

2:#ETH Last night, the ETH price was around 2310. After the opening of the US stock market, it fell back in tandem with the ETH price. It hit a low of 2260 and began to rebound. As of now, it is around 2308. The short-term support of ETH is 2250 and the pressure is 2340.

3: The US stock market had mixed trends last night. The Nasdaq fell 0.52%, the Dow rose 0.55%, and the S&P rose 0.13%.

4: Focus on the interest rate decision of the Federal Reserve at 2 a.m. on the 19th.

Overall summary of the market, the ETH price is still basically linked to the trend of the US stock market. The Nasdaq fell 0.52% last night, so the ETH price did not rise. It rebounded a little today, but it did not break through the short-term pressure of 59200. From the weekly level, the ETH price reversed the decline of the previous week last week. Last night was the first day of this week. It is normal for the US stock market to fall back.

Short-term operations are recommended to focus on high altitude. Medium and long-term players can take spot orders in batches at low prices and be friends with time.

Follow me and I will not get lost. Share the market every night. I will not broadcast the voice tonight during the holiday. Have a good holiday.