Yesterday, the US dollar closed at a high of 105.32 against the backdrop of a rebound in the US economy. Spot gold, suppressed by the US dollar, stabilized its decline yesterday and returned above the 1920 level. The weekly K-line is still under pressure from the 60-day moving average, and it is expected that international gold trading will fluctuate in the range of 1885 to 1945 in the short term.

In the evening, the US stock market was affected by the failure of negotiations among the three major automakers, leading to a comprehensive decline in the three major indices, with the Nasdaq falling by 1.56%.

Concerns about the rebound in US inflation, the rise in fiscal deficits, the decline in labor force, and the impact of strikes have led to a return of funds to risky assets. The yield on the 10-year US Treasury bonds continues to invert, and the cryptocurrency market has rebounded opportunistically. Next week's focus will be on the speech after the Federal Reserve's interest rate decision, which will guide the betting on a rate hike in November.

The trend of the daily K-line of Bitcoin has repeatedly attempted to break through the bottom area without success. The market has gradually fallen from its high point but has stabilized around the Fibonacci retracement line of 0.236. If the market stabilizes after the high-temperature selling pressure, there is still momentum for further upward impact. The RSI indicator has returned to a value of fifty, and the market's long and short forces are trending towards equilibrium. The market is in a zone of decision-making between long and short positions. Whether the daily K-line can stabilize above 26500 points is crucial. Once the closing line falls below 26500 points, the weekend market will continue to show a downward trend.

On the one-hour K-line chart of Bitcoin, the price has not fallen below the densely populated chip area of the upward period despite the high-temperature selling. The MACD is shrinking in the bullish volume, but the fast and slow lines have not crossed the zero axis, so the long and short conversion cannot be confirmed at the moment. If the market stabilizes above 26500 points, it will form a bullish repair zone, and the MACD will form a second golden cross and rise. The overall operational strategy still leans towards the long side, and it is recommended to enter the current price range with a bias towards the long side, with defense at the 26450 level.

Ethereum's rebound in the recent period is not as strong as Bitcoin's, mainly due to the situation of the support chips at the bottom. Therefore, in last night's rally, Ethereum also showed a situation of catching up, gradually synchronizing its trend. The operational approach for Ethereum should follow the same strategy as Bitcoin, and it is recommended to enter the current price range, with a defense point set at 1635.

Note: Both Bitcoin and Ethereum are still in a period of long and short contention, and the market has not yet broken out of a trend. Once the defense points are broken, consider taking a short position.

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。