Crypto News
September 5th Hot Topics:
1. Future Forward PAC collaborates with Coinbase Commerce to accept cryptocurrency donations.
2. The fourth largest bank in Switzerland, ZKB, offers Bitcoin and Ethereum to retail customers.
3. Eigen Foundation releases the rules for the second season of Stakedrop, with the latest opening for claiming on September 17.
4. Ethena Labs: Decides to listen to community feedback and amend the requirements related to YT holders.
5. Boston Fed: The labor market is not weak, and premature policy relaxation is very dangerous.
Trading Insights
Are you also wondering why this stock market bull market is so difficult, stumbling at every step? Is the market exhausted, or is there a hidden secret? In fact, the answer may be hidden in the context of history. The last bull market's frenzy planted the seeds for a correction in the market. The expected significant pullback in January did not come as scheduled, but unexpectedly delayed until March, indicating an unprecedented large volatility brewing. Moreover, the current position is close to the peak of the last bull market, with a massive amount of funds deeply involved, creating significant pressure from trapped positions. Therefore, the market not only faces the cruel self-correction but also needs to seek a new balance in the adjustment, rebound, and oscillation. But please remember, true investors navigate through such changing winds with patience and wisdom, steadily moving forward.
LIFE IS LIKE A JOURNEY ▲
Below are the real trading group orders of Da Bai Community this week. Congratulations to the friends who followed. If your operations are not going smoothly, you can come and try.
The data is real, and each order has a screenshot taken at the time.
Search for the public account: Da Bai Lun Bi
BTC
Analysis
The daily chart of Bitcoin yesterday dipped down to around 55500 and reached a high near 58500, closing around 58000. The support below is around 56500, breaking which could lead to around 55000. A pullback can be made near the support. The resistance above is near the MA7 moving average line. The MACD shows increasing bearish momentum. The four-hour chart's support is near 0.236, and a pullback can be made near the support. The resistance above is near the MA7 moving average line. A breakthrough could lead to around 0.386. The MACD shows increasing bearish momentum and forms a death cross. Short-term support for buying can be found near 54830-53850, and the rebound target can be around 56500-57500.
ETH
Analysis
The daily chart of Ethereum yesterday dipped down to around 2300 and reached a high near 2490, closing around 2450. The resistance above is near the MA7 moving average line, and a breakthrough could lead to near MA14. There have been multiple tests around 2325 below. Another pullback can be made near the support for building positions. The MACD shows increasing bearish momentum and the two lines are close together. The four-hour chart's resistance is near the MA7 moving average line, and a breakthrough could lead to near MA30. The MACD shows increasing bearish momentum and forms a death cross. Short-term support for buying can be found near 2325, and the rebound target can be around 2370-2410.
Disclaimer: The above content is for personal opinions only and is for reference only! It does not constitute specific operational advice, nor does it bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to consult.
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