Today is Monday, September 30, 2024. The A-shares, which many people were not optimistic about recently due to good news, have continued to surge and reached 3,000 points. This is a market situation that is rare in a decade. Many investors are stunned. The whole world knows that the A-shares are a policy market. After several consecutive surges, the price can still be maintained at such a high level. It seems that the country is determined to take action this time. In our market, most of it is hyped up by emotions. As long as emotions are aroused, there will be many opportunities. Under the current emotional shadow, it is undoubtedly a good thing for our currency circle and the entire financial market.

Under the influence of this sentiment, Bitcoin successfully broke through the pressure level of $65,000 last week, reaching a high of around $66,500. Ethereum also reached a high of around $2,700.

Although the price has fallen, it has not fallen below the key support. The stronger support below is 62000, and the overall trend is still strong. The large-scale pattern is still intact. As long as it does not fall below the rising trend line, I personally think that the bulls may counterattack again.

Ethereum fell below the support level of $2,600 today, and fell back to around $2,592, but then quickly recovered. From this we can see that there is still relatively strong support near $2,600, which is also a key position of the rising trend line. Therefore, if you are optimistic about the general direction of the future, I personally think this would be a good position to cover your position.

The Shanzhai market is normally linked to the adjustment of the market, and the liquidity of funds has not yet been extinguished. Generally speaking, once the upward trend starts, it will not stop, and funds will continue to relay, so the key for medium and long-term players is to hold positions patiently. In addition, the current market value share of Bitcoin has begun to decline. If a downward trend is formed, I personally believe that the Shanzhai season will begin.

In addition, everyone can pay attention to the trend of Bitcoin after the opening of the U.S. stock market tonight. As long as the U.S. stock market does not experience a sharp correction, I personally believe that Bitcoin may have another wave of growth.

In terms of news this week, we need to focus on Friday's non-farm data, which is also the first unemployment rate data after the interest rate cut. The current market expectation is the same as before, which is 4.2%. As long as the data is not higher than this expectation, I personally believe that market sentiment will not turn pessimistic.

In general, the United States has started to cut interest rates, and the country has also released multiple favorable policies. The overall environment has improved. There are only three months left this year for us to fight for it, and it is time to go all out. So once the market gives you an opportunity to increase your position, don’t miss it, just do it!

Finally, tomorrow is National Day. If there is any major market trend, I will update it in time. As the National Day holiday approaches, Brother Feng would like to wish you all a happy holiday in advance, and may all your wishes come true!