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Since July 2023, "recession" has become a hot topic, and more and more data and signals indicate that the possibility of recession is increasing. Today we will talk about the reasons behind these phenomena and the difficulties faced by young Americans.
Simply put, a recession is an overall decline in economic activity, and this decline must last for a period of time to be considered a recession. Officials usually use indicators such as GDP, residents' income, unemployment rate, and industrial production to measure it. If these indicators continue to deteriorate, a recession becomes a reality. Although the latest US GDP grew by 2.8% in the second quarter, the economy looks good on the surface, but many details make people feel worried. For example, the unemployment rate has risen, the manufacturing industry has performed weakly, and consumer spending is not as good as before. Young people have difficulty finding jobs and wages have stagnated. These are all problems.
Although the unemployment rate remains at around 4%, many young people find it particularly difficult to find a job. Many unemployed people are not counted in official data. They either give up looking for a job or turn to temporary positions such as part-time jobs. The actual unemployment situation is much worse than the data looks. Since 2022, the growth rate of real income has slowed down significantly, and inflation has increased the pressure of life. Despite the reduction in working hours, wages have almost stagnated, and many young people feel that their income is not enough to cover their expenses. Credit card debt has exceeded $1 trillion, with an average interest rate of 24%. In order to maintain daily expenses, young people have to rely on credit cards, but high interest rates have trapped them in debt and made it difficult to extricate themselves.
The United States is currently in the downward phase of the economic cycle. Since 2019, the inversion of Treasury yields has sounded the alarm. The current recession is actually the gradual exposure of long-accumulated problems. The US economy is highly dependent on domestic demand, with consumer spending accounting for 70% of GDP. When consumers' wallets tighten, corporate income and investment will decrease accordingly, and the entire economy will fall into a vicious cycle. The slowdown in the US economy will not only affect the country, but also the global market. With global economic growth stagnating and resource competition intensifying, the US economic outlook is even more severe.
#USEconomicAnalysis#GlobalMarketTrends#YoungPeoplePressure#ConsumptionWeakness #CreditRisk
Simply put, a recession is an overall decline in economic activity, and this decline must last for a period of time to be considered a recession. Officials usually use indicators such as GDP, residents' income, unemployment rate, and industrial production to measure it. If these indicators continue to deteriorate, a recession becomes a reality. Although the latest US GDP grew by 2.8% in the second quarter, the economy looks good on the surface, but many details make people feel worried. For example, the unemployment rate has risen, the manufacturing industry has performed weakly, and consumer spending is not as good as before. Young people have difficulty finding jobs and wages have stagnated. These are all problems.
Although the unemployment rate remains at around 4%, many young people find it particularly difficult to find a job. Many unemployed people are not counted in official data. They either give up looking for a job or turn to temporary positions such as part-time jobs. The actual unemployment situation is much worse than the data looks. Since 2022, the growth rate of real income has slowed down significantly, and inflation has increased the pressure of life. Despite the reduction in working hours, wages have almost stagnated, and many young people feel that their income is not enough to cover their expenses. Credit card debt has exceeded $1 trillion, with an average interest rate of 24%. In order to maintain daily expenses, young people have to rely on credit cards, but high interest rates have trapped them in debt and made it difficult to extricate themselves.
The United States is currently in the downward phase of the economic cycle. Since 2019, the inversion of Treasury yields has sounded the alarm. The current recession is actually the gradual exposure of long-accumulated problems. The US economy is highly dependent on domestic demand, with consumer spending accounting for 70% of GDP. When consumers' wallets tighten, corporate income and investment will decrease accordingly, and the entire economy will fall into a vicious cycle. The slowdown in the US economy will not only affect the country, but also the global market. With global economic growth stagnating and resource competition intensifying, the US economic outlook is even more severe.
#USEconomicAnalysis#GlobalMarketTrends#YoungPeoplePressure#ConsumptionWeakness #CreditRisk
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The market is generally concerned about the risk of a recession in the US economy. In the coming months, economic data and the election will have an impact on the market, leading to increased volatility. In this case, investors are advised to keep cash, wait patiently for entry opportunities, and buy stocks that are optimistic in the long term.
According to the report of the Bureau of Labor Statistics, non-farm payrolls increased by only 142,000 in August, far below the market expectation of 161,000. Although the unemployment rate fell to 4.2%, the accuracy of the data was questioned. Internal surveys show that the actual number of jobs may be more than 800,000 less than previously reported. Such news has exacerbated market concerns about the economic slowdown, and the stock market has panicked and fallen.
In the current market environment, short-term traders should be extremely cautious and try to reduce risks through technical analysis. Don't rush to buy the bottom, but wait until the market confirms the rebound trend before operating. The strong support level of the S&P 500 is 5350 points. If it can stand firm here, it may be a signal of a short-term bottom. In the long run, the strategy of confirming the rebound before taking action is more robust.
Although the unemployment rate remains stable on the surface, more unemployed people have left the labor market and are not counted. The U6 unemployment rate, which includes those who have given up looking for work, rose to 7.9% in August, the highest point in nearly three years, reflecting the more severe real conditions in the labor market. Full-time jobs continue to decline, and more people are forced to work part-time and temporary jobs. In the past 14 months, the growth in non-farm payrolls has almost entirely come from part-time jobs, while the number of long-term unemployed has also increased, indicating that there is a structural unemployment problem in the economy.
In addition, the market is highly concerned about the Fed's possible interest rate cuts. Currently, the market expects a 70% probability of a 25 basis point rate cut in September. Rate cuts are seen as a means to ease the current economic pressure, but they may also trigger further concerns about a recession. Therefore, it is wise to maintain risk management, stop profits in time, and keep some cash, waiting for better bargaining opportunities
#Binance #CryptoTrading #Tokenomics #BTC #BNB#BlockchainTech
According to the report of the Bureau of Labor Statistics, non-farm payrolls increased by only 142,000 in August, far below the market expectation of 161,000. Although the unemployment rate fell to 4.2%, the accuracy of the data was questioned. Internal surveys show that the actual number of jobs may be more than 800,000 less than previously reported. Such news has exacerbated market concerns about the economic slowdown, and the stock market has panicked and fallen.
In the current market environment, short-term traders should be extremely cautious and try to reduce risks through technical analysis. Don't rush to buy the bottom, but wait until the market confirms the rebound trend before operating. The strong support level of the S&P 500 is 5350 points. If it can stand firm here, it may be a signal of a short-term bottom. In the long run, the strategy of confirming the rebound before taking action is more robust.
Although the unemployment rate remains stable on the surface, more unemployed people have left the labor market and are not counted. The U6 unemployment rate, which includes those who have given up looking for work, rose to 7.9% in August, the highest point in nearly three years, reflecting the more severe real conditions in the labor market. Full-time jobs continue to decline, and more people are forced to work part-time and temporary jobs. In the past 14 months, the growth in non-farm payrolls has almost entirely come from part-time jobs, while the number of long-term unemployed has also increased, indicating that there is a structural unemployment problem in the economy.
In addition, the market is highly concerned about the Fed's possible interest rate cuts. Currently, the market expects a 70% probability of a 25 basis point rate cut in September. Rate cuts are seen as a means to ease the current economic pressure, but they may also trigger further concerns about a recession. Therefore, it is wise to maintain risk management, stop profits in time, and keep some cash, waiting for better bargaining opportunities
#Binance #CryptoTrading #Tokenomics #BTC #BNB#BlockchainTech
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The Fed's interest rate cut policy has always been the focus of the global economy. Some people think that this is a means by the United States to reap global wealth; others say that interest rate cuts mean the beginning of a recession in the United States, and the global economy will also be affected. But things are far from that simple. The motivations and impacts behind interest rate cuts are far more complicated than what is seen on the surface.
1️⃣ The basic logic of interest rate cuts
As the name suggests, interest rate cuts are to lower interest rates. It is cheaper for companies to borrow money, and the enthusiasm for expanding business and recruiting employees will also increase. This means that there will be more job opportunities in the short term. However, as more money is available in the market, prices will also rise accordingly, because demand has increased and inflation risks are coming.
Employment and interest rate cuts: The cost of corporate financing is reduced, and there are more opportunities to expand production, which will naturally increase employment.
Prices and interest rate cuts: Interest rate cuts increase the amount of funds flowing in the market, and commodity prices may rise due to increased demand, pushing up inflation.
2️⃣ A historical review of the Fed's interest rate cut cycle
By reviewing history, we can see that the Fed's interest rate cuts are often accompanied by economic problems, and each time there are special backgrounds and reasons.
🔸 Oil crisis in the 1970s: The global oil supply was greatly reduced, and the United States fell into severe inflation. Although the Federal Reserve controlled inflation by raising interest rates, the economy declined as a result.
🔸 Savings and loan crisis in the 1990s: The real estate bubble burst, coupled with the outbreak of the Gulf War, the US economy fell into recession, and the Federal Reserve immediately cut interest rates to stimulate economic recovery.
🔸 Internet bubble in 2000: The wave of Internet company closures triggered a stock market crash, and the Federal Reserve quickly cut interest rates to cope with the economic crisis.
🔸 Subprime mortgage crisis in 2008: The global financial system collapsed, and the Federal Reserve lowered interest rates to near zero to stimulate economic recovery. This low interest rate policy lasted until 2015.
3️⃣ The general impact of interest rate cuts
From the historical interest rate cut cycles, there are several common phenomena:
Interest rate cuts are almost always carried out in the context of economic recession. The bond market performed relatively well, and Treasury yields generally fell during the interest rate cut period. Interest rate cuts often lead to a depreciation of the US dollar, but exchange rate fluctuations are also related to the interest rate levels of other countries. Stock and commodity markets fluctuate based on economic fundamentals, and rate cuts don't always mean higher stock markets.
1️⃣ The basic logic of interest rate cuts
As the name suggests, interest rate cuts are to lower interest rates. It is cheaper for companies to borrow money, and the enthusiasm for expanding business and recruiting employees will also increase. This means that there will be more job opportunities in the short term. However, as more money is available in the market, prices will also rise accordingly, because demand has increased and inflation risks are coming.
Employment and interest rate cuts: The cost of corporate financing is reduced, and there are more opportunities to expand production, which will naturally increase employment.
Prices and interest rate cuts: Interest rate cuts increase the amount of funds flowing in the market, and commodity prices may rise due to increased demand, pushing up inflation.
2️⃣ A historical review of the Fed's interest rate cut cycle
By reviewing history, we can see that the Fed's interest rate cuts are often accompanied by economic problems, and each time there are special backgrounds and reasons.
🔸 Oil crisis in the 1970s: The global oil supply was greatly reduced, and the United States fell into severe inflation. Although the Federal Reserve controlled inflation by raising interest rates, the economy declined as a result.
🔸 Savings and loan crisis in the 1990s: The real estate bubble burst, coupled with the outbreak of the Gulf War, the US economy fell into recession, and the Federal Reserve immediately cut interest rates to stimulate economic recovery.
🔸 Internet bubble in 2000: The wave of Internet company closures triggered a stock market crash, and the Federal Reserve quickly cut interest rates to cope with the economic crisis.
🔸 Subprime mortgage crisis in 2008: The global financial system collapsed, and the Federal Reserve lowered interest rates to near zero to stimulate economic recovery. This low interest rate policy lasted until 2015.
3️⃣ The general impact of interest rate cuts
From the historical interest rate cut cycles, there are several common phenomena:
Interest rate cuts are almost always carried out in the context of economic recession. The bond market performed relatively well, and Treasury yields generally fell during the interest rate cut period. Interest rate cuts often lead to a depreciation of the US dollar, but exchange rate fluctuations are also related to the interest rate levels of other countries. Stock and commodity markets fluctuate based on economic fundamentals, and rate cuts don't always mean higher stock markets.
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🌟 Campaign strategy and rising polls
Harris's polls have soared, more due to the "honeymoon effect" and the Democratic Party's full support for her. Since Biden withdrew from the election, Harris has raised $540 million in campaign funds, far surpassing Trump. Her campaign team also used social media to package her laughter as a "happy campaign" to attract young voters.
However, Harris cannot avoid the media forever, and will have to face Trump head-on sooner or later. As the election approaches, TV debates, emergencies, and even "surprises" in September or October may have a huge impact on the election. The final result of the election is still full of variables.
What is certain is that the most exciting part of the 2024 US presidential election has not yet arrived.
Harris's polls have soared, more due to the "honeymoon effect" and the Democratic Party's full support for her. Since Biden withdrew from the election, Harris has raised $540 million in campaign funds, far surpassing Trump. Her campaign team also used social media to package her laughter as a "happy campaign" to attract young voters.
However, Harris cannot avoid the media forever, and will have to face Trump head-on sooner or later. As the election approaches, TV debates, emergencies, and even "surprises" in September or October may have a huge impact on the election. The final result of the election is still full of variables.
What is certain is that the most exciting part of the 2024 US presidential election has not yet arrived.
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After becoming vice president, she had almost no outstanding performance except for the work on the US border crisis. Coupled with her habit of laughing regardless of the occasion, Biden was embarrassed.
The consensus at the time was that if Biden could not perform his presidential duties or withdraw from the election, it would be a disaster for Harris to take office. Therefore, Harris's lead in the polls could never be due to her outstanding ability.
Now Harris' campaign team has no specific policy propositions. With only 60 days left before the election, American voters still don't know what the Democratic candidate will do after taking office. This is very puzzling. In contrast, Trump announced a detailed policy program long before the Republican Convention.
🌟 Overview of Harris's policies
Harris' first official campaign policy was at the campaign rally on August 15, about the economic field. She advocates reducing the cost of living for the people through administrative means, such as controlling price increases, curbing rent surges, and building 3 million new homes in the next four years.
In the medical field, she mentioned that she would continue to negotiate with big pharmaceutical companies to reduce drug prices and maintain the Biden administration's commitment not to increase taxes on families with an annual income of less than $400,000.
On social issues, Harris firmly supports women's right to abortion and vows to restore the Russell Wade case after taking office. She also supports environmental protection, clean energy development, immigration system reform, and LGBT rights.
However, many of these policy propositions are inconsistent with her previous positions. For example, during the 2020 campaign, she supported a ban on hydraulic fracturing to extract shale oil and gas, but now she no longer mentions it. This 180-degree turn requires her to give voters a reasonable explanation.
The consensus at the time was that if Biden could not perform his presidential duties or withdraw from the election, it would be a disaster for Harris to take office. Therefore, Harris's lead in the polls could never be due to her outstanding ability.
Now Harris' campaign team has no specific policy propositions. With only 60 days left before the election, American voters still don't know what the Democratic candidate will do after taking office. This is very puzzling. In contrast, Trump announced a detailed policy program long before the Republican Convention.
🌟 Overview of Harris's policies
Harris' first official campaign policy was at the campaign rally on August 15, about the economic field. She advocates reducing the cost of living for the people through administrative means, such as controlling price increases, curbing rent surges, and building 3 million new homes in the next four years.
In the medical field, she mentioned that she would continue to negotiate with big pharmaceutical companies to reduce drug prices and maintain the Biden administration's commitment not to increase taxes on families with an annual income of less than $400,000.
On social issues, Harris firmly supports women's right to abortion and vows to restore the Russell Wade case after taking office. She also supports environmental protection, clean energy development, immigration system reform, and LGBT rights.
However, many of these policy propositions are inconsistent with her previous positions. For example, during the 2020 campaign, she supported a ban on hydraulic fracturing to extract shale oil and gas, but now she no longer mentions it. This 180-degree turn requires her to give voters a reasonable explanation.
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🗳️ Harris surpasses Trump, and the election is full of suspense
This US presidential election is unprecedentedly weird. After being shot, Trump has become the "son of destiny" who takes bullets for the American people. The atmosphere of the Republican National Convention is like a deification, and the polls completely overwhelm Biden. If the vote was cast immediately, Trump would definitely win.
But the situation suddenly reversed on July 21. Under pressure from within the party, Biden announced his withdrawal from the election and supported Harris as the new candidate of the Democratic Party. Since then, in less than a month, Harris's polls have surpassed Trump. By the end of August, she had actually achieved a lead in several key swing states, such as Michigan, Wisconsin, and Pennsylvania.
🌟 Harris's campaign momentum is strong
Faced with this sudden situation, Republican vice presidential candidate Vance was anxious and came out to accuse these polls of being fake. As a result, even Fox News, which has always supported conservatives, released a poll with Harris leading. The Trump team was directly blown up and publicly criticized Fox, obviously panicking.
So the question is, where does Harris's strong momentum come from? Is it really because of her strong ability and her campaign ideas that impressed voters, or have we underestimated her before? In the 2024 election, is Trump really going to be in trouble?
Let's go back to half a year ago - March 15 this year. Pulitzer Prize winner and staunch supporter of the Democratic Party Kaolin Parker wrote an article in the Washington Post titled "For the good of the country, Vice President Harris should resign." He believes that Harris became vice president purely because of her identity symbol, superimposed with the "political halo" of being a woman, African American, and Asian.
This US presidential election is unprecedentedly weird. After being shot, Trump has become the "son of destiny" who takes bullets for the American people. The atmosphere of the Republican National Convention is like a deification, and the polls completely overwhelm Biden. If the vote was cast immediately, Trump would definitely win.
But the situation suddenly reversed on July 21. Under pressure from within the party, Biden announced his withdrawal from the election and supported Harris as the new candidate of the Democratic Party. Since then, in less than a month, Harris's polls have surpassed Trump. By the end of August, she had actually achieved a lead in several key swing states, such as Michigan, Wisconsin, and Pennsylvania.
🌟 Harris's campaign momentum is strong
Faced with this sudden situation, Republican vice presidential candidate Vance was anxious and came out to accuse these polls of being fake. As a result, even Fox News, which has always supported conservatives, released a poll with Harris leading. The Trump team was directly blown up and publicly criticized Fox, obviously panicking.
So the question is, where does Harris's strong momentum come from? Is it really because of her strong ability and her campaign ideas that impressed voters, or have we underestimated her before? In the 2024 election, is Trump really going to be in trouble?
Let's go back to half a year ago - March 15 this year. Pulitzer Prize winner and staunch supporter of the Democratic Party Kaolin Parker wrote an article in the Washington Post titled "For the good of the country, Vice President Harris should resign." He believes that Harris became vice president purely because of her identity symbol, superimposed with the "political halo" of being a woman, African American, and Asian.
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9.11 Early Market Analysis Market is bullish, bulls make the final charge after the correction
Harris and Trump debated in the early market, Trump won three in a row, Harris was too young, but the encryption was MAGE down and Harris rose. The current market has made some mistakes in its current judgment. It is possible that Harris's winning rate has begun to decline. The current market has begun to pull up Harris's token and then flee.
Bitcoin quickly plunged downward in the early market and has not been recovered for the time being. The consideration is that the uncertainty of the debate between Trump and Harris is affecting the US stock market, and then affecting the cryptocurrency market. The overall market volatility has increased. Pay attention to risks and impacts today.
Daily level market
· Daily level: The daily level market is still bullish, with the target near the bullish pressure near 59800, the extreme position can be seen near 60500, and the bottom support is near 56400.
4-hour level market
· 4-hour level: The market is in an upward trend. If it encounters pressure temporarily, it will immediately step back to the key support position near 56800, and the upper pressure is near 59000. The target is to step back without breaking 56800 and directly rush up.
Intraday level analysis
The recent sharp drop in Bitcoin is normal, mainly due to the uncertainty of American politics. As well as the current economic instability, there may be a risk of a hard landing on the news at any time. The current sharp drop and surge are normal. Just keep yourself alive, and don't worry too much about other things.
· The intraday correction will be followed by the increase, but the market will be repaired first in the morning. Pay attention to the shock range. The market will be temporarily consolidated below. The upper pressure is the top pressure near 57500, and the bottom support is near 56200. The support strength and weakness dividing line is near 56800. If it does not break after 58000, you can continue to chase more to see if it breaks through. If it breaks below, it will continue to fall. Pay attention to the back and forth orders in the consolidation range during the day. After the breakthrough, look at the four-hour market charge.
The spot market needs to safely pass this difficult moment in the history of encryption and remain calm.#CryptoMarket#BitcoinAnalysis#BTC#TrumpHarrisDebate#PoliticalUncertainty#CryptoVolatility#CPIData#BTCPrice #CryptoNews
Harris and Trump debated in the early market, Trump won three in a row, Harris was too young, but the encryption was MAGE down and Harris rose. The current market has made some mistakes in its current judgment. It is possible that Harris's winning rate has begun to decline. The current market has begun to pull up Harris's token and then flee.
Bitcoin quickly plunged downward in the early market and has not been recovered for the time being. The consideration is that the uncertainty of the debate between Trump and Harris is affecting the US stock market, and then affecting the cryptocurrency market. The overall market volatility has increased. Pay attention to risks and impacts today.
Daily level market
· Daily level: The daily level market is still bullish, with the target near the bullish pressure near 59800, the extreme position can be seen near 60500, and the bottom support is near 56400.
4-hour level market
· 4-hour level: The market is in an upward trend. If it encounters pressure temporarily, it will immediately step back to the key support position near 56800, and the upper pressure is near 59000. The target is to step back without breaking 56800 and directly rush up.
Intraday level analysis
The recent sharp drop in Bitcoin is normal, mainly due to the uncertainty of American politics. As well as the current economic instability, there may be a risk of a hard landing on the news at any time. The current sharp drop and surge are normal. Just keep yourself alive, and don't worry too much about other things.
· The intraday correction will be followed by the increase, but the market will be repaired first in the morning. Pay attention to the shock range. The market will be temporarily consolidated below. The upper pressure is the top pressure near 57500, and the bottom support is near 56200. The support strength and weakness dividing line is near 56800. If it does not break after 58000, you can continue to chase more to see if it breaks through. If it breaks below, it will continue to fall. Pay attention to the back and forth orders in the consolidation range during the day. After the breakthrough, look at the four-hour market charge.
The spot market needs to safely pass this difficult moment in the history of encryption and remain calm.#CryptoMarket#BitcoinAnalysis#BTC#TrumpHarrisDebate#PoliticalUncertainty#CryptoVolatility#CPIData#BTCPrice #CryptoNews
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Crypto Market 9.7 Update
The time to test human nature has come! Funds continue to flow into the safe-haven market, and the market trend in the short term still needs time to digest. Bitcoin's daily line hit the bottom, and short-term pressure is obvious. The weekend is volatile, and staying calm is the key.
Daily pressure level: 55000
Support level: 52800
4-hour pressure level: 55300
Support level: 53000
Short-term intraday repair, pay attention to the weekend trend.
#Cryptocurrency#Bitcoin#BTCAnalysis#CryptoMarket#MarketAnalysis#InvestmentStrategy#RiskAversion#WeekendMarket#FundFlow#CryptoMarket#Bitcoin
The time to test human nature has come! Funds continue to flow into the safe-haven market, and the market trend in the short term still needs time to digest. Bitcoin's daily line hit the bottom, and short-term pressure is obvious. The weekend is volatile, and staying calm is the key.
Daily pressure level: 55000
Support level: 52800
4-hour pressure level: 55300
Support level: 53000
Short-term intraday repair, pay attention to the weekend trend.
#Cryptocurrency#Bitcoin#BTCAnalysis#CryptoMarket#MarketAnalysis#InvestmentStrategy#RiskAversion#WeekendMarket#FundFlow#CryptoMarket#Bitcoin
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Crypto market analysis 9.2 Afternoon session rebound but see if it lasts
The afternoon session rebounded, and the altcoin rebounded after falling to a new low? Has it been confirmed to have bottomed out? Subjectively, I don’t think that even if there is a rebound, the best time is the non-agricultural period. After all, there is still not much money now, but the S&P has always been relatively strong, which means that only the crypto market has no money, and other markets are still relatively rich, so it can be confirmed that it has been washing the coin circle.
Daily level market
Daily level: The daily level briefly bottomed out and then rebounded. The upper pressure still exists near the bottom support position of 56,000, the nearest support position is near 57,000, the upper pressure position is near 60,500, and the upper maximum pressure is near 65,000.
4-hour level market
4-hour level: The market is in a normal oscillation trend at the 4-hour level. Only after the upper pressure of 59,000 stands above, it can be considered that the market is in a bullish trend at the 4-hour level. The upper pressure position is temporarily near 59,200 and 60,000.
Intraday level analysis
The recent sharp drop in Bitcoin is a normal phenomenon, mainly due to the uncertainty of US politics. As well as the current economic instability, there may be a risk of a hard landing at any time. It is normal to have a sharp drop or a sharp rise and a liquidation. Just survive and don't worry too much about other things.
The intraday decline has started an hourly rebound, and there may be a rebound in the short term. The upper pressure position is around 58,800, and the bottom support is around 57,700. After breaking through the 58,800 pressure, we can look at the 4-hour level rebound. Let's take a step-by-step look.
The spot market needs to safely survive this difficult time in the history of encryption and remain calm in the face of things.#Crypto#Bitcoin#MarketAnalysis#DailyChart#4HourChart#MarketAnalysis#MarketUpdate#Finance#Investment#RiskManagement#Blockchain#CryptoMarket#USPolitics#EconomicStability#TechnicalAnalysis#FundManagement#SpotMarket#Rebound#SupportResistance#MarketTrends #VentureCapital#btc#eth #crypto
The afternoon session rebounded, and the altcoin rebounded after falling to a new low? Has it been confirmed to have bottomed out? Subjectively, I don’t think that even if there is a rebound, the best time is the non-agricultural period. After all, there is still not much money now, but the S&P has always been relatively strong, which means that only the crypto market has no money, and other markets are still relatively rich, so it can be confirmed that it has been washing the coin circle.
Daily level market
Daily level: The daily level briefly bottomed out and then rebounded. The upper pressure still exists near the bottom support position of 56,000, the nearest support position is near 57,000, the upper pressure position is near 60,500, and the upper maximum pressure is near 65,000.
4-hour level market
4-hour level: The market is in a normal oscillation trend at the 4-hour level. Only after the upper pressure of 59,000 stands above, it can be considered that the market is in a bullish trend at the 4-hour level. The upper pressure position is temporarily near 59,200 and 60,000.
Intraday level analysis
The recent sharp drop in Bitcoin is a normal phenomenon, mainly due to the uncertainty of US politics. As well as the current economic instability, there may be a risk of a hard landing at any time. It is normal to have a sharp drop or a sharp rise and a liquidation. Just survive and don't worry too much about other things.
The intraday decline has started an hourly rebound, and there may be a rebound in the short term. The upper pressure position is around 58,800, and the bottom support is around 57,700. After breaking through the 58,800 pressure, we can look at the 4-hour level rebound. Let's take a step-by-step look.
The spot market needs to safely survive this difficult time in the history of encryption and remain calm in the face of things.#Crypto#Bitcoin#MarketAnalysis#DailyChart#4HourChart#MarketAnalysis#MarketUpdate#Finance#Investment#RiskManagement#Blockchain#CryptoMarket#USPolitics#EconomicStability#TechnicalAnalysis#FundManagement#SpotMarket#Rebound#SupportResistance#MarketTrends #VentureCapital#btc#eth #crypto
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Cryptocurrency market analysis (8.31): Asian market protects the big cake, US market sells!
The weekend market is mainly repaired, and there are no special events that need to be paid attention to at present. Bitcoin's liquidation is still within the normal range, but the decline of altcoins is somewhat abnormal. There are always reasons for the decline without conventional logic. It is not recommended to use leverage now to avoid the risk of liquidation.
Pay attention to the non-agricultural data next Friday and the expectation of interest rate cut in September. If the market expects a 50 basis point interest rate cut or weak non-agricultural data, these expectations may be digested in advance and the market may rise. On the contrary, if the data is not ideal, it depends on whether the technical side can end the liquidation.
Daily level: Short-term bottoming rebound, limited volatility on the weekend. The bottom support is around 58,500, and the upper pressure is around 61,000.
4-hour level: The market is in a normal oscillating trend. The upper pressure is around 59,500 and 60,200, and the lower support is around 58,000 and 59,000.
Intraday analysis: Bitcoin's recent sharp drop is due to the uncertainty of US politics and economy. It is normal to have a big drop or a big rise and a liquidation. The key is to protect yourself. The intraday decline has begun to recover from the bottom. The weekend market is limited. Focus on altcoins.
In the face of spot market fluctuations, stay calm and get through this challenging moment in crypto history.
Tags:#CryptoMarket#BitcoinAnalysis#Altcoins#Non-agricultural data#Cryptocurrency#Bitcoin#Marketanalysis#Marketforecast#Economicuncertainty#Expectedrate cut#btc#eth #crypto
The weekend market is mainly repaired, and there are no special events that need to be paid attention to at present. Bitcoin's liquidation is still within the normal range, but the decline of altcoins is somewhat abnormal. There are always reasons for the decline without conventional logic. It is not recommended to use leverage now to avoid the risk of liquidation.
Pay attention to the non-agricultural data next Friday and the expectation of interest rate cut in September. If the market expects a 50 basis point interest rate cut or weak non-agricultural data, these expectations may be digested in advance and the market may rise. On the contrary, if the data is not ideal, it depends on whether the technical side can end the liquidation.
Daily level: Short-term bottoming rebound, limited volatility on the weekend. The bottom support is around 58,500, and the upper pressure is around 61,000.
4-hour level: The market is in a normal oscillating trend. The upper pressure is around 59,500 and 60,200, and the lower support is around 58,000 and 59,000.
Intraday analysis: Bitcoin's recent sharp drop is due to the uncertainty of US politics and economy. It is normal to have a big drop or a big rise and a liquidation. The key is to protect yourself. The intraday decline has begun to recover from the bottom. The weekend market is limited. Focus on altcoins.
In the face of spot market fluctuations, stay calm and get through this challenging moment in crypto history.
Tags:#CryptoMarket#BitcoinAnalysis#Altcoins#Non-agricultural data#Cryptocurrency#Bitcoin#Marketanalysis#Marketforecast#Economicuncertainty#Expectedrate cut#btc#eth #crypto
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