Cryptocurrency News
September 23 Highlights:
- Chongqing: The scale of the city's metaverse-related industries is expected to reach 100 billion yuan by 2025.
- The Federal Reserve will cut about 300 jobs by the end of 2023.
- The US SEC fined Goldman Sachs $6 million for submitting an inadequate report.
- A whale deposited $65 million worth of ETH into CEX via Stake.com in the past 14 days.
- Data: Ethereum network fees drop to the lowest level in 9 months.
Trading Insights
Avoid risks and stop losses in a timely manner:
Traders should remember the "crocodile rule," which means that when a crocodile bites your foot, if you try to free your foot with your hand, the crocodile will take the opportunity to bite your hand and foot at the same time. The more you struggle, the more the crocodile will bite. Therefore, when a crocodile bites your foot, the only way is to stop the loss in time and decisively sacrifice one foot.
The market is a continuous process of self-cleansing. Stop-loss, position management, mindset, and so on, often neglecting any one of them may lead to heavy losses or even liquidation. Therefore, improving oneself, being strict with oneself, respecting the market, will lead to long-term success in the investment market!
Search for the public account: "Big White on Coins"
BTC
Analysis
Bitcoin was in a state of oscillation and recovery yesterday, with little fluctuation of about 200 points up and down. Currently, the price is running near 26575. The four-hour chart has retraced again but has not broken through the downside. In the short term, it is still in a bottom oscillation. The MACD is gradually decreasing, and the fast line is showing signs of a golden cross. The market has rebounded slightly, but the strength is not significant. To continue the bullish trend, it needs to stabilize above the MA7. The daily chart has not changed much, and the probability of short-term oscillation is high. However, the overall direction has not changed, still looking downward. The intraday operation suggests focusing on short positions and taking advantage of low long positions. The upper resistance is at 26800-27000, and the lower support is at 26400-26100.
ETH
Analysis
Ethereum touched the pressure near 1602 yesterday and fell to the 1586 level. The overall fluctuation was not significant. Currently, the price is running near 1594. The four-hour rebound high point is decreasing, and the bottom is gradually rising, with a narrow range of activity. The MACD is decreasing, and the two lines are converging with signs of a golden cross, but the upper resistance is strong, and the probability of a breakthrough is not high. The daily chart shows a small fluctuation and consolidation, coupled with a slow weekend trend, but the direction has not changed, and the overall trend is weak with the risk of breaking down. The intraday strategy suggests treating it with high short positions and low long positions, holding the breakthrough. The upper resistance is at 1610-1640, and the lower support is at 1560-1540.
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. The market situation changes rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to consult.
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