September 5

Handsome Research Report

BTC rebounded slightly yesterday, with a slight increase in volume. It encountered resistance at the 58,500 level, and the short-term downward channel was not broken. Important data will be released today and tomorrow, and there may be large fluctuations in the short term. The market is sluggish and needs fundamental stimulation. The key data market and direction selection are in these two days. If it adjusts to around 56,500 during the day, you can consider a slight follow-up. The interest rate cut is approaching. There is a high possibility of a callback before the start of the interest rate cut cycle and in January and February. This is the case for every round of interest rate cuts, but the big cycle is absolutely positive and needs to be patient. The expectation of a 50 basis point interest rate cut in September has declined, and the big cycle expectation has not changed. The bull market expectation is still built on

ETH rebounded synchronously with BTC, with a slight increase in volume, and has not walked out of the downward trend. The market continues to be sluggish. Pay attention to the evening data level and wait and see for certainty signals. ETH's on-chain GAS has fallen to 5 years The new low in the past, the on-chain environment is sluggish, and it is close to the bottom line. Keep holding. A new round of rising cycle is not far away. The altcoin sector follows the mainstream to pull back synchronously. SATS is no longer following up. It will clear the position and leave the market when it rises to around 50. The mid-term holding can be seen to be around 80. There will be major positive news in September. PEOPLE can also be used as a key currency. If it pulls back to around 0.05, you can consider replenishing it and wait for good expectations before the November election. CKB is temporarily on the sidelines. Holders continue to hold and wait for subsequent positive news. Other altcoins are waiting for the latest news. Fundamental news: Pay attention to the non-agricultural data this Friday. Primary market information: RGB++ continues to pay attention. SEAL has performed well recently. Wait for more positive news from RGB++. You can consider buying in batches in the future. The rune market is still sluggish, wait and see. Unisat's latest second-layer protocol Fractal Bitcoin officially launched the test network, and the main network was launched on September 9. The latest Swap has been launched on the test network. Pay more attention to it. It is super big.

Intraday mainstream currency support and resistance:

Today's intraday market, BTC's lower support is 56000-56500, and the upper resistance is 58000-58500. ETH's lower support is 2320-2370, and the upper resistance is 2470-2520

Today's Greed and Fear Index: 29 (Fear)

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