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 experienced a rebound in the evening of 9.17 to the early morning of 9.18, quickly regaining the previous bullish space, but failed to break through the top daily line pressure. From the cycle line and the chart, the first downward movement near 61000 was 24.8.14, and the second time it encountered resistance and fell back was at 820-822, both times experiencing a downward movement of at least 2000 points. Subsequently, it made an effective breakthrough, reaching a high of 65000 and then effectively falling back. Therefore, I personally believe that as long as the daily top line is not broken, small positions can be continuously tested and laid out. If it breaks through and stabilizes, watch to see if 65000 can hold, because I have been telling everyone before that if it doesn't break the previous low before the interest rate cut on 9.19, look for a bull. I don't know if everyone remembers. It is important to pay attention to the announcement of the interest rate cut tomorrow, as it will have a significant impact on the cryptocurrency market, even the bull-bear transition. Remember to control risks, because these days, whether it's long or short, the trend is to make a profit, and short-term trading is not recommended.
Resistance: 61500
BTC Support: 58500-573-55100
First of all, pay attention to the chart structure above for ETH, and the key support and resistance levels are marked for everyone. From the chart, you can see that the last time we entered a short position at 2423, the three resistance levels above still need attention. If it doesn't break, you can continue to enter at the old position. Overall, ETH is relatively weak, and this has been a temporary consensus. This recent rise was also dragged up slowly by BTC, with no active thinking, all passive. However, the downward movement belongs to ETH leading the decline. The subsequent focus will determine whether the overall market's bearishness is still valid. From the current structure, it is a bullish upward channel structure, but it has encountered resistance. Short positions can be laid out near 2375, with a conventional defense of 30 points, and the target can be around the previous low of 2270-2160. Reference is the main factor, and the overall direction and mindset have not changed much. When news comes, effective risk control can be used to seek greater profit space. Continue to look down with the same entry and exit. Please give me a thumbs up, read, and share the article.
ETH Resistance: 2423-2566-67
ETH Support: 2270-2160
Main Data and News Analysis in the Cryptocurrency Market
Macroeconomics: The three major U.S. stock indexes collectively closed higher, and the Federal Reserve will hold a meeting next week.
The comprehensive reason for the recent large-scale upward movement is the favorable expectation of an interest rate cut! In my personal opinion, if the favorable expectation of an interest rate cut ends in a moment, there may still be a sharp decline overall, as there may only be a 3000-point chase if the expectation is met. Therefore, shorting at high levels is the structural mindset within the expectation value! If the announcement of the interest rate cut does not meet 50 basis points, it will continue to decline. If the announcement of the interest rate cut meets 50 basis points, I believe the overall market will directly turn bullish. If the interest rate cut is 25 basis points, there may be a high probability of a large-scale pullback. Therefore, once the interest rate is cut, it means that the bull market is coming. The expectation of an interest rate cut represents an intensification of bullish sentiment, which is the fundamental reason for tonight.
Personal Introduction
Graduated from the Finance Department of Nanda University, formerly served 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 cryptocurrency market for nine years, experiencing multiple bull and bear cycles.
Integrates profound financial expertise and sufficient industry experience into practical combat.
Helps students quickly master trading skills and improve trading systems.
Trading style: Good at building structured thinking, self-created financial trading course Naked K Tactics, etc.
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