Over the weekend, there were two small bearish candles on the long-term chart, accompanied by weak trading volume, indicating that the upward trend that had been continuing before September 16th is facing a pullback. Long positions need to be cautious.

In the medium term, after maintaining a high-level consolidation, the price failed to reach a new high and broke through the support as bearish momentum strengthened.

In the short term, after completing the trend reversal from long to short yesterday, the market has entered a downtrend, and the probability of a continued decline is high, maintaining an "N" shaped pattern.

Market impact: Regarding the meeting on the 18th, it is advisable to exit the market before the meeting, as there may be significant volatility, and both long and short positions may not benefit.

Strategy: Wait and see

Time waits for no one, and the cryptocurrency market is no exception. Join high-end discussion groups, seize opportunities, and position yourself for a potential bull market in September and October! Scan the QR code below to follow our public account. Feel free to scan the QR code below to join our discussion group.

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。