Market outlook on the evening of September 20:

I haven't updated my personal views for a long time. When the market is not good, I also like to lie flat. I consider myself an old investor and I know that when everyone is pessimistic, I just need to hoard coins. There is no major technical content. My boldness is enough to explain everything. Without further ado, in the days to come, I will try my best to share my positive views and some coins I am optimistic about. You can just refer to them. There will always be a day when I will get wet.

In the past two days, Bitcoin has risen by 10% and Ethereum has risen by about 13. As we all know, this is due to the key factor of a 50 basis point interest rate cut. The three U.S. stock indexes have risen sharply, and the cryptocurrency market has risen sharply. This is reasonable. Before the interest rate cut, what I said most was to hold coins, hold coins, and hold coins. Let's see if it's hindsight. It won't take long for a one-sided market to come. It will make the entire market fomo in a week. Don't always be the one who makes money, but you can't keep up once, and don't miss out once when you are being beaten.

The Bitcoin ETF had a net inflow of $292.11 million this week, which is approximately 4,600 BTC. The Ethereum ETF is in a situation where outflows are greater than inflows. Outflows do not mean selling pressure, but it is most likely due to staking. In terms of current liquidity, you don’t need to worry too much about these. Just pay attention to the following three narrative nodes that can affect market fluctuations. The first is CZ’s return to the light at the end of this month, the second is the U.S. presidential election on November 5, and the third is the second round of interest rate meetings on November 8. Before these three narrative dates, there is a window period, which can be understood as a hype period. As a leek, if you don’t seize these consensus narratives to play with, if you don’t act as fuel, who will?

From a technical perspective, the daily level of the bitcoin price has entered a continuous positive pattern and also presented a head and shoulders bottom pattern, which means the market has the potential to rise, but we should pay attention to the pullback against resistance in a short period of time. Tonight is Friday and the U.S. stock market will be closed over the weekend. It is likely that we will see next Monday whether this is a rebound or a reversal.

Speaking of position management, so far, I personally will reduce the holdings of the recent bottom-fishing altcoins by 5-6 layers, and the mainstream coins Bitcoin, Ethereum, and BNB will continue to rise. The big bull market that comes every four years cannot be missed, and it is not allowed to pass by. If you have not entered the market yet, you can wait for a wave of corrections before going up. Occasionally, I will also post some coins that I am optimistic about, such as the recent BOME, ETHFI, etc.

Big cake 4h support: 59870 pressure: 64799

Auntie 4h support: 2423 pressure: 2639

Hot news of the day:

🪅Steno Research: ETH's decline is over, interest rate cuts are good for Ethereum

🪅Franklin Templeton plans to launch mutual fund on Solana blockchain

🪅Today's Fear and Greed Index rose to 54, with a neutral rating

🪅Biden: Interest rates are expected to fall further

Thank you for your likes and attention, so you won’t get lost in the bull market!