Preface: Investment involves risks, and operations should be cautious.
Article review takes time, and there may be delays in publication. The article is for reference only, welcome to read!
Article writing time: September 23, 11:25 AM Beijing Time
Market Information
- The United States and the United Kingdom have established a special task force to coordinate cryptocurrency and capital market affairs;
- A Federal Reserve governor stated that monetary policy has become highly restrictive;
- The U.S. Treasury Secretary will interview two Federal Reserve candidates this week;
- Federal Reserve's Musalem: Interest rate decisions will be assessed at each meeting;
- After the Federal Reserve cut interest rates, demand for risk assets has risen, while safe-haven assets have been neglected;
Market Review
Recently, Bitcoin has fluctuated upward from around 107,211, reaching a high of 117,875, and then has declined, with the current low at 111,469; Ethereum rebounded from 4,205 to 4,768, then declined, with the current low near the 4,000 support level;
Market Analysis
Bitcoin
On the daily chart, Bitcoin previously broke the low of 111,850, forming a new low at 107,211. This is a breakdown, and the market has entered a bearish phase. The subsequent rebound, which I have consistently expressed, is a short opportunity. The resistance levels for this rebound from 107,211 are 107,900 as the first resistance and 120,900 as the second resistance. Bitcoin has not tested the second resistance level, indicating that the bears are stronger. The chance of breaking below 107,211 is relatively high; if it breaks, the next target will be around 100,000. In the short term, focus on this level. In trading, short on the rebound is advisable, with a key level at 110,000, which is an important support level during the decline. Recommended trading point: short around 112,500, stop loss at 114,000, target at 110,000. Depending on the closing situation, consider whether to go long; if the candle leaves a tail, go long; if a large bearish candle appears, continue to short. Pay attention to the daily chart and seize entry opportunities; for short-term trading, control risks and manage profits and losses independently;
Ethereum
Ethereum has strong support at 4,000, which previously acted as resistance. This recent decline has only tested the area around 4,000. The chance of Ethereum breaking below this level in the short term is low unless there is a large sell-off. When Ethereum was rising earlier, many large institutions were buying, and there has not yet been significant sell-off information. It is somewhat difficult for it to break below 4,000. In trading, Ethereum can be positioned for a long around this level, recommended at around 4,100, with additional purchases at 4,000, stop loss at 3,950, and target in the range of 4,480-4,600. Seize entry opportunities independently; for short-term trading, control risks and manage profits and losses independently;
In summary:
Bitcoin still needs to test support on the downside, while Ethereum can be positioned for a long near the support level;
The article is time-sensitive, be aware of risks, the above is only personal advice, for reference only!
Follow the WeChat public account "Crypto Lao Zhao" to discuss the market together;
In the cryptocurrency world, some people's demands can only be met by scammers. Everything cheap must be taken by oneself, and only scammers can satisfy these.
In trading, not every market movement goes smoothly, and not every trade is satisfactory. That is just noise in the pursuit of profit. Compared to seeking breakthroughs in technology, I pay more attention to psychological development. Most people do not fail because of themselves, but because they are trapped by themselves in a room. Even if life or trading is not satisfactory, believe that there is light in the world and love among people. Even a small piece of happiness in life should be embraced with a smile. Only by overcoming oneself can the future market bring unexpected surprises! Keep it up, people in the cryptocurrency world.
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。
