【The impact of emotional trading】Emotional behavior plays a big role in the cryptocurrency market. Rising prices trigger greed and fear of missing out, while downturns often lead to panic selling.
The Fear and Greed Index suggests that extreme fear may signal buying opportunities, while excessive greed may increase the likelihood of a market correction#美国大选如何影响加密产业? #加密市场急跌 #比特币年底能否突破10万美元?
If Bitcoin fails to rise above the $59,200 resistance zone, it might continue to fall. An immediate support on the downside is near the $58,000 level or near the 60,638% Fibonacci retracement level of the upward move from the $55,548 swing low to $60,638 high.
The first major support is at $57,500. The next support is now near the $56,750 area. Any more losses might sink the price to the $55,550 support in the near term.
Technical Indicators: Hourly MACD – The MACD is now picking up pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
[Will the US election change the trend] Regardless of who enters the White House, cryptocurrency valuations are expected to reach six figures by 2025.
BTC's trajectory is largely influenced by broader macroeconomic factors rather than individual politicians, and BTC generally reflects the financial and monetary conditions of various countries. The elected candidate cannot change this dynamic#美国大选如何影响加密产业? #美国8月非农就业人数不及预期 #特朗普哈里斯辩论未提及加密货币
Bitcoin’s price trajectory has been volatile, falling from the 60,000 level at the beginning of the month to the 52,500 level before rebounding to around 58,000 this week. Despite the brief recovery, Bitcoin’s value is still down over 7% throughout the third quarter.
This price volatility behavior reflects not only a reaction to broader market conditions, but also the sentiment of large investors who are currently viewing lower price points as buying opportunities#美国大选如何影响加密产业? #美国8月非农就业人数不及预期 #特朗普与哈里斯辩论,特朗普概念币普跌
BTC price continues to struggle, why is this happening? Is it really heading towards a bear market?
Since reaching a peak above $73,000 in March 2024, BTC market performance has been unsatisfactory. Instead of building on this rally, the top cryptocurrency has faced continued consolidation and a series of declines, which has frustrated many investors. Currently, BTC is down 22.7% from its March high, sparking concerns over whether this is signaling the start of a deeper bear market. The decline has shaken confidence and now calls into question the near-term prospects of the digital asset. BTC’s price remains under pressure with no clear upward momentum. The market, once hopeful of a rebound, now faces growing uncertainty as both retail and institutional interest appear to be declining.
Generally, in the morning falling market, it is necessary to follow a certain momentum to step down in the afternoon. Once the lower side continues to support or has not yet broken through the new high. It is very likely that the range shock suppression will continue to form before the data is released in the evening.
The upper pressure is the upper opening of 58000, which is also an important breakthrough point, and the lower support is maintained at the previous multiple retracement lows of 55800! If the market touches 55800 for the first time, it can continue to look at 57800#BTC走势分析 #美国大选如何影响加密产业? #
The four-hour chart shows that the Bollinger Bands channel is showing a significant upward trend, and its upper track continues to rise, almost touching the EMA120 line, which is exactly where yesterday's high point was.
And although the current positive area shows slight signs of convergence, the overall trend is still strong. The short-term and medium-term indicators rose simultaneously, clearly releasing a bullish signal. Therefore, it is advisable to adopt the strategy of going long on dips in operation.
The big pie is stepping back: 56700-57000, keep looking at Duo, target 59200, break the position and look at 60000, defense 56000#BTC走势分析 #美国大选如何影响加密产业? #美联储何时降息?
Judging from the short-term trend of the big pie, Duotou is also the main player. Any high-level sideways trading or concussive decline is to prepare for a further rebound in the market outlook.
Multiple orders can continue to intervene in the 56200-56400 range during midday trading.
Pay attention to the first-line support of 55500 below, and continue to look at the top if it does not break the 56000 mark #BTC走势分析 #美联储何时降息?
BTC has formed a deviation pattern after experiencing a temporary fluctuation outside of its trading range. This structure usually indicates a sudden reversal as the asset loses momentum to maintain this trend.
According to a trend last month, BTC deviated from its range after briefly rising above the $62,700 resistance level at the end of August and experiencing a correction.
Now I personally think that BTC will rise again after temporarily breaking the $54,600 support level#BTC走势分析 #美联储何时降息? #新币挖矿DOGS #
Currently, judging from the 4-hour chart, the downward trend of the Bollinger Bands channel has ended, has begun to close and remains parallel to yesterday. The K line rebounded after touching the lower track and is currently close to the middle track.
Although the volume of the MACD indicator above the 0 axis is not significant, the opening after the golden cross is still continuing, indicating that the price will continue to fluctuate upward.
The August non-farm payrolls were ambiguous, and the policy direction after the September rate cut remains to be seen. The August non-farm payrolls data has attracted the attention of both hawks and doves, making the Fed's policy direction this fall full of uncertainty.
A 25 basis point rate cut in September is almost a foregone conclusion, but the situation becomes more complicated afterwards. The ambiguous non-farm report will not change the Fed's tendency to start cutting interest rates at the September meeting.
But it does not provide much clear information about what will happen next - neither does it indicate that a soft landing of the economy is a foregone conclusion, nor does it indicate that the rapid deterioration of the job market requires the Fed to take active measures.
There will be two more employment reports before the November meeting. The June dot plot predicts only one rate cut in 2024, but the September dot plot may show more rate cuts, but it may not be in line with market expectations. October's employment, inflation and economic growth data will be key to determining the next move#美联储何时降息? #美国8月非农就业人数不及预期 #BTC走势分析 #新币挖矿DOGS
You know what happens before a tsunami? The water recedes.
The further you go down, the more momentum everything gains. The lower you go, the greater the upward force.
Anyway, in the distance, you can see that we are developing a debt crisis.
There is a pressing need to navigate this space, and the only thing that is absolutely necessary, and everyone should rely on it now, is a reduction in interest rates to "activate the liquidity wave".
Although the current MACD is still blooming with short energy columns, and the KDJ three lines are still opening downward, it does not affect the short-term rise at all. Shorting the recent situation is definitely a big profit, but if you grasp the degree during the period, there is definitely room for short-term longs.
And the KDJ three lines are also crossing upwards, all these trends are indicating that there are signs of short-term bullishness.
Operation suggestion: BTC continues the current price of 56,000 given last night, with targets of 56,800 and 57,600. Defense 55,200.
New suggestions will be given after this order comes out.
From the current market, the 4-hour line turns from negative to positive, and the overall market turns from weak to strong. The air force is already weak, and the current high and fall are all normal accumulation of momentum.
As the kdj indicator line forms a golden cross and moves upward, although the current market boll is flat, there are not many substantial breaks in the market, but after such a change.
Our direction can still continue to look back at whether the 60,000 mark can be broken. Our bullish thinking in the morning remains unchanged, and we mainly take long positions after retracement.
In the morning, the big cake can be taken at 58,000-57,500, with a target near 59,500.
The Fed's interest rate cuts may not be as beneficial as everyone hopes.
The only reason the Fed would cut interest rates is because it sees significant weakness in the economy, which means there will likely be an economic downturn and market slump before U.S. interest rates fall.
Be careful what you wish for, it's a good thing that the Fed is taking a dovish stance and lowering interest rates, but officials will only cut rates when it's clear that the economy is heading into recession, and when markets collapse, they will cut rates out of panic#非农就业数据即将公布 #美联储何时降息? #BTC走势分析 #新币挖矿DOGS
At present, the bottom support of 57000 has not been tested. If it still holds after the opening at 8 o'clock in the morning, then this decline will come to an end. However, if it closes below it at 8 o'clock, then this wave of bottoming out is estimated to go to around 56500.
After the big drop, there is inevitably a period of annoying sideways trading. Today's layout idea is still long-term bullish. For short-term, first look at a callback to bottom out, confirm the support strength and then arrange long orders to enter the market!
Operation suggestion: Big cake: 57100-57300 long, short-term target 58500, final target 59000-6W mark.
In the early hours of last night, the market broke through and started to move upward, and the price rebounded strongly, but it did not break through the mid-track suppression, and the trend was temporarily unable to return to the upward rhythm.
Moreover, the intraday trend has been under pressure, and the market has once again entered a high level of consolidation. If it fails to break through the 60,000 line upwards and cannot effectively stabilize, there is a risk of intraday gains being retreated. This shows that the intraday market tends to be volatile.
Suggestion for intraday market share: Pay attention to the 6W mark at the top, and look at the high altitude if there is an effective breakthrough. Anyway, if we stand firm and suppress it at the top, then we will directly place multiple orders.
BTC plunged again in the morning. After two days of consolidation over the weekend, the market of Bitcoin finally went down. We kept a bearish mindset during the weekend, and the market finally came as expected.
As the price of the currency continues to move downward, the high-altitude mindset remains unchanged in operation, and Lyry999 is the follow-up.
Suggestion for Bitcoin: short around 58,000, prevent 586,000, and focus on the 56,200-55,000 line.