The market still needs a pullback! 20240914

CN
3 months ago

Good evening, brothers!

The days are still hot, but the heat cannot stop a carefree and life-loving heart. Slight intoxication is a small indulgence in life, and each meal is a response to ordinary days. Still holding sincerity in this bustling world, it's because only with some openness and frankness can life be truly enjoyable.

……

Former New York Fed President Dudley said there are "sufficient reasons" to cut interest rates by 50 basis points next week, and with the endorsement of well-known financial journalists such as Nick Timiraos from "Fed Communications", the market's bet on a rate cut by the Fed next week has risen to "fifty-fifty".

BTC: Looking at the 4-hour chart, the price continues to stay above the middle Bollinger Band, and the trend remains healthy.

Looking at the daily chart, the price continues to stay above the moving average, and the trend remains healthy.

In summary, the support level is 59600, and the resistance level is 60000.

ETH: Looking at the 4-hour chart, the price continues to stay above the middle Bollinger Band, and the price trend remains healthy, with support at 2390 and resistance at 2430.

LTC: The price continues to stay near the upper Bollinger Band, and the trend remains strong, with support at 64 and resistance at 67.

BCH: The price continues to stay below the middle Bollinger Band, and the trend remains relatively weak, with support at 310 and resistance at 340.

That's all for now, good night!

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