Preface: Investment involves risks, please proceed with caution.
Article review takes time, and there may be delays in publication. The article is for reference only, welcome to read!
Time of writing: 15:33, September 10th, Beijing time
Market Information
Bitcoin ETF saw a record inflow of 28.7 million USD after consecutive declines.
The net inflow of the US spot BTC ETF was 34.6 million USD, ending an 8-day trend of net outflows.
The Ethereum Foundation's protocol support team has hired two new employees to be responsible for funding support work, marking the first time they have recruited.
Musk: The launch time for SpaceX's first commercial human spacewalk plan is tomorrow morning, US time.
Harris announced a proposed policy position list, with no mention of cryptocurrency.
Market Review
After the decline in Bitcoin, we mentioned paying attention to the breaking of the support at 52,400. After a slight weekend fluctuation, the decline did not continue, and a small rebound occurred this week. The current high point has reached above 58,000, indicating that the support below is effective. For those who have taken short positions earlier, after the decline, they should look for opportunities to exit. In the future, Bitcoin still needs a certain amount of rebound space. The rebound of Ethereum is still relatively small, reaching a maximum of 2381, which is not a high rebound. Bitcoin led the rise of Ethereum. In the short term, there is still some room above Bitcoin, and long positions should be laid out after a pullback.
Market Analysis
BTC:
Looking at the daily chart, although Bitcoin has rebounded, the strength is not significant, and there has been no breakthrough above. It is a normal rebound after support. With too many previous short positions, it is necessary to harvest at this point. The pressure range above this rebound for Bitcoin is between 60,200 and 62,300. After reaching the rebound target, the market is expected to start a pullback again. In short-term trading, a change in strategy is needed. Short positions should no longer be continued, and long positions should be the focus. The recommended layout point below is near 55,500. If there is no entry opportunity, pay attention to the stability around 57,400 and directly chase the rise. The target is above 60,000. After reaching the target, make short position layouts based on the trend. Manage the entry opportunities and control risks in short-term trading.
ETH:
Looking at the daily chart, the rebound strength of Ethereum after the previous decline is relatively weak. The strength of this rebound is also relatively weak, and Ethereum has been in a low-level oscillation. The target pressure for this rebound of Ethereum is in the range of 2565-2675, but there is also some pressure near 2490. After following the rebound of Bitcoin, Ethereum is expected to rise to around 2565 before starting to decline again. Short-term long positions can also be taken for Ethereum trading, but do not hold for long. The overall trend of Ethereum is weak, and it is necessary to exit long positions in a timely manner. The recommended entry point is near 2310. If there is no entry opportunity after a pullback, pay attention to the stability around 2405 and chase the rise. The target is above 2490. Do not be greedy and manage the entry opportunities and control risks in short-term trading.
In summary:
There is room for short-term trading for both Bitcoin and Ethereum. Change the trading strategy to focus on long positions after a pullback.
The article is time-sensitive, be aware of the risks, and the above is for reference only!
Follow the public account "加密老赵" to explore the market together.
Buddhist saying: "Impermanence" is the norm of life. Here, "impermanence" refers to uncertainty and unpredictability. Everything that causes us pain is due to excessive pursuit of certainty, such as: love, family, work, and friendship. Therefore, investment is based on the ability to defend and attack, using limited funds that can be amplified infinitely, rather than always being defensive. In short, use a limited amount of money that does not affect the quality of life to do something that, once successful, can change fate or improve life. Defense is only to prevent things from getting worse, while offense can make things better.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
