Market Analysis 9.21
Hello, brothers. Yesterday, ETFs received an inflow of 76 million USD.
On-chain data
(1) Stablecoins have flowed out of exchanges to a small extent, and some funds have a profit-taking trend
(2) BTC in exchanges has not changed much
BTC rebounded from $54,000 on September 8 to $64,000 for two consecutive weeks.
It is time to take a break, consolidate + slightly correct.
In addition, there was no inflow of ETF funds over the weekend, and international conflicts intensified.
It may correct to $61,000.
The upward trend is up and down, full of twists and turns
It is impossible to soar to the sky, so we should just treat it with a normal mind
How do you view the surge in SUI?
SUI has technical content, you can buy the bottom when it plummets,
but you can consider shorting when it soars.
After 9 days, 64 million SUIs worth $89 million will be released.
Stakeholders and dog dealers will use the media + KOL matrix to promote and promote.
Pull up the price, and then release it for easy shipment.
So consider shorting when it is close to $1.55, and set a 5% stop loss.
(The contract is risky, only for reference analysis, you need to make rational judgments and bear your own profits and losses)
How do you view ETH?
It is no problem to buy ETH with large funds at $2500.
The second largest cryptocurrency after BTC, and ETFs have been opened at the same time.
The more bearish there is, the more opportunities there are to absorb funds.
There is no problem from the daily and weekly lines.
How do you view BNB?
The biggest market maker in the cryptocurrency circle is Binance
It has the power to support and pull the price, and will sell it when it rises to $600
