Hot Spot
sats is currently running in a bullish channel and can be bought and held appropriately.
wld can be paid attention to, as it has bottomed multiple times.
Market Analysis
BTC is getting weaker and there is no need to look at the four-hour chart now. It is recommended to stay out of the market or trade on an hourly basis. The direction will be clear soon, so be prepared at all times. Currently, the hourly level is between 60082-60700. Once the level is broken, the opportunity will arise. The interest rate announcement date of 919 is getting closer, and a big surge or drop is coming. Please stay tuned!
Resistance: 60863-61624
BTC Support: 58500-559
ETH is similar. The hourly level is at 2415-2424 for reference. If the level is broken, a strong downward movement towards 2337 can be expected. After a bullish trend, the market is getting weaker. In my opinion, there are two possibilities: 1. Continue to oscillate and break through new highs, 2. A prolonged sideways movement will lead to a decline. Personally, I think the likelihood of a big drop is higher. Please take it as a reference. If you want to communicate with me, follow the official account with the same name and join the live broadcast group with the same name.
ETH Resistance: 2423-2566-67
ETH Support: 2326-2209
Key Data and News Analysis in the Coin Circle
Macroeconomics: The three major U.S. stock indexes closed higher, and the Federal Reserve will meet next week.
The three major U.S. stock indexes closed higher, with the S&P 500 index up 0.75% at 5595.76 points, the Dow Jones index up 0.58% at 41096.77 points, and the Nasdaq index up 1.00% at 17569.68 points. The yield on the benchmark 10-year U.S. Treasury bond is 3.68%, and the yield on the 2-year U.S. Treasury bond, which is most sensitive to the Fed's policy rate, is 3.64%.
In popular U.S. stocks, Apple rose 0.05%, Microsoft rose 0.94%, Nvidia rose 1.91%, Amazon rose 1.34%, Google C rose 2.23%, Google A rose 2.34%, Meta rose 2.69%, TSMC rose 0.72%, Tesla rose 0.74%, and AMD rose 0.61%.
The important news at the moment is the upcoming meeting of the Federal Reserve next week. This is a silent period for the Fed, during which Fed officials cannot make public statements. Important economic data has already been released, and Jerome Powell has already made a speech. Therefore, the market's positive sentiment will continue until after the rate cut next week and the speeches by Fed officials. If the Fed only cuts rates by 25 basis points, it is believed that it will not have a significant impact on cryptocurrencies. Instead, the number of rate cuts by the Fed for the rest of the year needs to be watched. Based on the current inflation figures, the market estimates that there will still be 2-3 rate cuts. However, this still needs to be observed, as U.S. inflation remains uncertain.
Summary
The current market shows signs of recovery, especially driven by the GameFi and AI sectors. However, the overall market sentiment remains low, and investors need to be cautious in their operations. Bitcoin's stable performance and the relatively low AHR999 index provide a good buying opportunity, while the rebound of altcoins also provides opportunities for short-term investments. Macroeconomic factors such as the performance of the U.S. stock market and the dynamics of the Federal Reserve will continue to affect the market, and investors need to closely monitor changes in these factors.
Personal Introduction
Graduated from the Finance Department of Nanjing University, formerly worked as a risk management expert at Shanghai Yimeng Securities and a private wealth advisor.
First invested in BTC in 2015 and has been focusing on the coin circle for nine years, experiencing multiple bull and bear markets.
Integrates deep financial expertise and sufficient industry experience into practical combat.
Helps students quickly master trading skills and improve their trading systems.
Trading style: Good at building structured thinking, self-created financial trading course "Naked K Fighting Method," and more.
Business Negotiation: Search for the official account with the same name or follow the live broadcast with the same name "Looking at Money with Coins"
Join the group for learning
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