Classic patterns, it’s always good to remember them

Double bottom, head and shoulders top, ascending triangle.

Although it looks simple, if you want to learn it, you must carefully see its characteristics, entry and stop loss positions.

😎【Breaking News】Trump's chances of winning the election have soared to 52.5%, far exceeding Harris.

🤔 Fed Kashkari said the neutral interest rate is nearly 3%, and there is still room for interest rate cuts. Traders guess that the rate cut will be less than 50 basis points this year. Internationally, Israel may take action against Iran, and peace is unpredictable.

📈 A-shares are super hot, FTSE China A50 futures open interest hit a new high, and on-site funds rose and stopped trading the night before the opening.

😏 The probability of the Fed cutting interest rates by 25BP in November is 86.3%. The yield curve of US 2-year and 10-year Treasury bonds shows a "negative game".

After the A-share market is hot, the spring of the currency circle may come. 👉 Follow me to know the daily information and market trends in advance.

A-shares opened with a strong rise across the board on Tuesday, Hong Kong stocks pulled back, and external stocks fell. The market focused on China's policy conference.

On Tuesday, the A-share market opened with much attention. The Shanghai Composite Index rose 10.13%, the Shenzhen Component Index rose 12.67%, the ChiNext Index rose 18.44%, and the Beijing Stock Exchange 50 opened up 26.67%. The turnover of the Shanghai and Shenzhen stock markets exceeded 500 billion yuan, nearly 5,000 stocks rose by more than 9%, and only 5 stocks fell. The stock index futures rose by the daily limit. However, Hong Kong stocks pulled back, the Hang Seng Technology Index fell by 6%, the Hang Seng Index fell by 3.5%, the FTSE China A50 Index futures fell by more than 4%, the MSCI Asia Pacific (excluding Japan) stock index fell by 1.13%, Japan and South Korea also fell, and Wall Street technology stocks were also suppressed by various factors.

China launched a series of stimulus measures before the Golden Week holiday, which led to a sharp rise in the stock market. Economists said that the use of fiscal firepower has the potential to release 4 trillion to 10 trillion yuan of stimulus. The State Council Information Office will hold a press conference at 10 a.m. on the same day, and industry insiders believe that it will affect the trend of A-shares.

Morgan Stanley pointed out that when A-shares rebound, investors should pay attention to risks such as market overheating and the implementation of stimulus policies. Invesco and other companies are skeptical about the recent rebound. Although they expect an increase and more policy news, they recommend investors to participate cautiously. At the same time, many brokerage users reported that the bank-to-securities transfer function was stuck.

Yesterday, the price failed to break through the 64500 level and reversed under pressure, falling below the 62500-62300 support level again and closing with a long upper shadow, indicating that the selling pressure from above is relatively large.

Although the current hourly level shows that the short-term bearish force is dominant. However, it has not changed the situation of the Duotou, and there is still a need for upward divergence. Therefore, the operation should maintain shock consolidation. In the short term, pay attention to the support of 62000-61600 below and 63300-63800 above.

Although a strong pull-up in the morning has formed an obvious upward momentum in the short term, in the daily chart, the price has been rising slowly from the low point in the past few days and is currently in a relatively high area, but it has failed to break through the previous high of 63950, forming a short-term resistance.

At the same time, the hourly MACD histogram is gradually shortening, and DIF and DEA are close to sticking together, which may indicate that the momentum is weakening in the short term and there is a need for adjustment. Pay attention to the support of 62700-62300 below and the pressure of 64000-64500 above

At the hourly level, the recent K-line shows a continuous range of fluctuations and has tested the upper pressure many times. At the same time, as we said last night, it was still above 62500 at 8 o'clock this morning, indicating the end of this callback. In the future, it will be dominated by Duo.

Looking at the daily chart, a long positive line was formed on October 6, indicating that the bulls are strong, but it is currently close to the previous high of 62900 and may face selling pressure.

The hourly MACD is also in the positive area, and both DIF and DEA diverge upward, indicating that the short-term upward momentum is strong. From a comprehensive analysis, although it is currently in a Duo fermentation state, the upper pressure is still strong, waiting for a callback to rise, pay attention to the 62000-62300 line below, and pay attention to the 63500-64000 line above.

The market fluctuated over the weekend, forming a small consolidation range. Yesterday's real market gave a 62300 line, which also took up a small space.

Let's take a look at the current market. Although the overall trend is downward, there are signs of stabilization in the short term. At the same time, the MACD histogram began to shorten, indicating that the short-selling momentum is weakening and there is a possibility of a rebound.

The upper side still pays attention to the 62500 line pressure, and the lower side pays attention to the 60700 previous lower shadow line low point support. Before breaking, it will be handled according to the range.

Yesterday, Bitcoin also rebounded with the help of data, but it still failed to break through the previous high of 62,500, indicating that there is strong pressure above.
And the current MACD bar chart has turned from positive to negative, and the gap between the DIF and DEA averages is also narrowing, and it is possible to enter the adjustment stage.

The important resistance level of 62,500 above needs to be paid attention to whether it can be effectively broken through. If it is successfully broken and effectively stationed, it means that this callback is over, otherwise it will test the 60,000 line below again

Reached yesterday's high again, still light position in Kong⚠️ light position⚠️ light position

Bitcoin target 59900

Ether target 2310

The short-term rebound was prompted in the morning, and it is rebounding upward as expected, but it is still under pressure from yesterday's high point, and has not effectively broken through, and continues to fluctuate. So we have to wait for the evening data to provide momentum, and keep the range in the afternoon.

After the sharp decline in the previous two days, yesterday it went out of a range of fluctuations, showing a certain consolidation pattern as a whole.

There are also many small positive lines with long lower shadows on the daily chart. At the same time, the hourly MACD is below the zero axis, but there are signs of convergence, which may indicate a short-term rebound. However, the daily MACD is still weak, and the bearish trend has not changed.

Therefore, in terms of operation, it is still treated as a range of fluctuations in the short term, and a certain amount of momentum is needed to help it out of the range. Pay attention to yesterday's low of 59800-59500 on the lower side, and pay attention to the 61500-61800 line on the upper side. If it fails to break through the range, it will be treated as a range.

Midday reminder of the current price of Kongdan

Currently, Bitcoin has received 800 tokens

Currently, Ethereum has received 50 tokens

Current price light position

Bitcoin target 59500

Ethereum target 2300

Since the end of September, the price has fallen from 66,000 to 60,000, forming an obvious downward trend. Although there is a small rebound at present, the overall performance is still weak.

At the same time, all indicators are in a short position, indicating that there are signs of further decline. Pay attention to the short-term support of 59,300-58,300 below, and the short-term pressure of 61,200-61,700 above.

Is Powell right? The answer will be revealed in the "Small Non-Farm" tonight

The US ADP employment figures for September will be released at 20:15 tonight. Fed Chairman Powell said yesterday that the labor market remains robust and "has indeed cooled down", and it is expected that there will be two more interest rate cuts of 25BP this year, but the market has been betting on a more aggressive interest rate cut cycle.

Tonight's "Small Non-Farm" will verify this statement for the first time, and the market may fluctuate violently at that time. Investors are advised to pay attention to the relevant risks.

Fed policy mistakes are said to be the main risk to the US economy next year. Powell will speak, and the parties have different views on interest rates.

As Fed Chairman Powell is about to speak on Tuesday, a survey of economists by the National Association for Business Economics (NABE) shows that the Fed's possible policy mistakes in the final stage of fighting inflation are the main risk to the US economy next year. Among the 32 professional forecasters surveyed, 39% believe that "monetary policy mistakes" are the biggest downside risk to the US economy in the next 12 months, higher than the proportion of those who believe that the results of the presidential election (23%) and the intensification of conflicts between Russia, Ukraine and the Middle East (23%) are the biggest downside risks.

The survey was released last Sunday, and the results show that people are concerned about whether the Fed can maintain a steady decline in inflation to the 2% target while avoiding a sharp increase in unemployment when easing monetary policy. Powell will speak to the association in Nashville, Tennessee at 1:55 am Beijing time on Tuesday, and is expected to explain the reasons for the 50 basis point rate cut in September and the considerations for the expectation of subsequent rate cuts. It is expected that the Fed's policy meeting in November will cut interest rates by another 25 or 50 basis points.

The association's panel of economists said overall risks to the U.S. economy have risen, with 55% believing that the U.S. economy is more likely to perform worse than expected, and that Fed policy is the primary factor that could lead to a slowdown. The panel predicts that U.S. economic growth will slow from 2.6% this year to 1.8% next year, with unemployment rising from 4.2% to 4.4% and inflation reaching 2.1% by the end of next year. Two-thirds of respondents expect no recession before 2026.

Inflation, as measured by the PCE price index, fell from its peak in 2022 to 2.2% last month, and unemployment rose from last year's low to 4.2%, but remains below average, which looks like a textbook "soft landing." However, there is wide disagreement about how the Fed will do this job, with 65% of respondents believing that the latest rate cut was "just in time," but only a third believing that the current policy rate is "just right," with the rest having different views. Among the other risks mentioned, respondents were divided on the impact of different election results on the economy, as well as on the impact of a Republican or Democratic sweep and a divided government.

Recently, the price of Bitcoin fluctuated in the range of 64,800 to 66,500, forming a relatively stable box consolidation pattern.

From the daily K-line, there have been many long lower shadows, which means that there is a strong buying pressure supporting the price.

However, although the hourly MACD fast and slow lines are running above the zero axis, there are signs of flattening, and the red column is also shortening, which means that the momentum of the rise is weakening. Although the daily MACD is still in the bullish area, the fast and slow lines are about to stick together, and there is a risk of forming a dead cross.

Let's take a look at the EMA indicator. At the hourly level, although it is still in a bullish arrangement, EMA7 has begun to flatten and has a downward trend. The daily EMA moving average system is still in a bullish arrangement, and the overall trend is still upward.

Comprehensively considering all aspects:

Now Bitcoin is oscillating and consolidating in the range of 64,800 to 66,500, and may continue to fluctuate in this range in the short term. If the price breaks through the 66,500 mark, there is hope that it will continue to rise; if it falls below 64,800, we have to be careful about the risk of further price correction.

Investment has become a skill in most people's lives. In recent years, the cryptocurrency circle has been hot, and many friends in the stock market and gold have joined in. Cryptocurrency investment requires not only good skills, but also a very critical mentality. In the "long-distance" process of cryptocurrency investment, only with a good mentality can you have good gains, and mentality makes wealth.

Most people who enter the cryptocurrency circle are for getting rich or gambling. And I think you shouldn't come with a mentality of getting rich, otherwise you will fall into various wealth codes and contracts, and you may end up with nothing; you should hold the mentality that I am here to experience, learn, and prepare.

A suggestion for most retail investors: You will not necessarily make money in the cryptocurrency circle. If you have already participated in this market, your mentality will collapse, your body will be exhausted, and you have not made money until now, and you don't have your own trading logic.

Instead of this, you should actually consider that you are not suitable for this market. Leaving the market when the loss is not much may be a good choice, or investing in some big cakes is the last operation of this market.

Making more money and exercising in life is much better than being tortured in the cryptocurrency circle.

Perhaps most people will continue to gamble, so my advice to you is:

Develop your own trading logic
Learn to analyze projects simply
Be brave enough to set stop loss
If you can do the above three things, you are already halfway to success!

The flight situation was slightly flat over the weekend. The overall trend remained unchanged, but the continued sideways movement was not a good thing. It may be accompanied by a certain amount of correction space. However, combined with MACD and EMA, it can be seen that the current upward trend is supported by the multi-head arrangement.

Therefore, in terms of operation, we can rely on the support of 65,000 below to make a multi-head layout, and pay attention to the short-term pressure of 66,800 and 67,200 above.

The price has been on an upward trend recently, especially yesterday's K-line showed obvious upward momentum.

At the same time, a long lower shadow line is formed below, indicating that the support is relatively stable.
Looking at MACD again, although it is currently in the negative area, the DIF line is gradually approaching the DEA line, and it is expected to form a golden cross, indicating a possible continued rebound.

At the same time, the RSI is currently around 62.8, close to the overbought range, but has not yet entered the extreme overbought state, and there is still some room for upward movement.

Another EMA is below the current price, indicating that the overall trend is still bullish. Then the operation is still to follow the trend and follow the trend!

The callback 65500-65800 line continues to be broken, and the upper 66500-67200 line is broken.

Ethereum, Dogecoin, wif, sol, pepe... just refer to Bitcoin for the time being!