BTC news:
1. The minutes of the Fed meeting showed that most people supported the decision to cut interest rates in September, but Fed Logan called for a "gradual" rate cut, saying that "we should not act too hastily" and other related remarks suppressed expectations of a sharp rate cut in the future market
2. Bitcoin continued to fluctuate weakly at $62,300. The "negative premium" phenomenon of USDT stablecoin flashed in the Chinese market, with USD/RMB quoted at 7.06, but the Chinese over-the-counter trading on the Binance platform showed that USDT/RMB quoted 6.92. The negative premium indicated that investors were turning from Bitcoin and the broad cryptocurrency market to A-shares - capital outflows were bearish
3. Wall Street tycoon Peter Schiff said that the US government is preparing to sell 69,370 bitcoins, which are worth about $4.3 billion at current market prices - the previous German Mentougou incident caused the currency price to fluctuate violently, and caution is needed
Technical aspects:
1. Pay attention to triangle and channel patterns on the daily line
Triangle: The lower edge support is located at the triple support of the previous low point + MA60 + super trend lower track, which is the last defensive position for bulls in the near future. There are certain short-term long-order gaming opportunities.
Channel trend: The middle track pressure is officially determined in the short term, and the lower track is near 58,000, which is consistent with the analysis on Tuesday. Pay attention to the long-order opportunities in the future.
Trading opportunity summary:
1. There are gaming long-order opportunities based on support resonance
2. Breakout short-order opportunities near the support level
3. After the breakout, there are long-order opportunities around the lower track of the channel
2. In terms of indicators, KD remains in the oversold area, and MACD is treated as a callback before it officially falls below the 0 axis, but it needs to be continuously paid attention to afterwards
3. In the 4H chart, the chip belt of the volume distribution chart has a greater reference value. The relatively dense area of chips is near the recent low point + 58,000, and the vacuum area Around 59,000
4. Pay special attention to the recovery and reverse suppression of Gann angle line 4/1 in the 1H chart during the intraday trend. In view of the short-term trend, both long and short positions have opportunities. Long positions are suitable for gambling, while short positions are in line with the short-term trend
Trading strategy
Long positions: 60,000-60,500 long, stop loss 59,500, take profit 61,500-62,000 (intraday short-term + gambling long positions)
Short positions: short around 62,000, stop loss 62,800, target 61,000-60,000 (intraday short-term)
The above views are for reference only. You are responsible for your own trading risks. Pay attention to position and risk control
