Seize the opportunity to be the king, make friends with coin enthusiasts around the world, and create prosperity in the coin circle! Today's market has been fluctuating all day, with the high point only reaching 1602 and the low point touching 1575. The entire range has not broken out, which can be said to have given contract users no opportunity to enter the market. Fortunately, the market has shown some signs of a turnaround, gradually moving towards the bullish side. Let's go straight into today's main analysis and take a look at the recent major news:

In the early trading of the US stock market, major industry ETFs saw mixed gains and losses, with energy industry ETFs rising by over 1% and semiconductor ETFs rising by nearly 1%; global aviation industry ETFs fell by 0.7% and utility ETFs fell by 0.6%.

Boston Fed President Collins: Fully supports the guidance on interest rates given by the Fed's dot plot (September 20). "Considerable patience" is required at the current policy stage. The possibility of future rate hikes by the Fed "definitely still exists." The economy is resilient, and the path to achieving a soft landing has widened.

The preliminary value of the US September Markit Manufacturing PMI is 48.9, reaching a two-month high. The preliminary value of the US September Markit Services PMI fell to 50.2, reaching the lowest level since January 2023, barely achieving continuous expansion for the eighth consecutive month. The preliminary value of the unfinished business activity sub-index fell to 44.5, reaching the lowest level since May 2020; the preliminary value of the new business sub-index fell to the lowest level since December 2022. The preliminary value of the US September Markit Composite PMI is 50.1, reaching a seven-month low.

Cui's summary: From the first piece of information, the recent significant rise in the energy industry, including semiconductors and some essential industries, confirms what we have previously mentioned. The rise in energy demand almost confirms the arrival of a financial crisis, and its sustained presence is very worthy of our attention. The next two pieces of news indicate that the US still wants to raise interest rates, which is worrying. Continued rate hikes will only further devalue goods and lead to inflation. This may cause further decline in coin prices. The declining employment rate and inability to increase purchasing power threaten individuals' livelihoods, making it increasingly difficult to invest in the coin circle. Therefore, these news items further confirm Cui's statement yesterday that in the short term, the coin circle is still in a downward trend, and even on an annual basis, there will not be significant growth. The profits of spot users may only be limited to around 500 points each time; the impact on contract users is not significant, but they must guard against sudden declines. Regardless of the economic downturn, market manipulators always exist.

Combining the short-term trend and news, the approach to Ethereum contracts still maintains our view from yesterday. As long as it does not break through the 1613 level, it is still in a downward trend. Today's overall trend is still a recovery from the previous market. The high point above can only be seen at the 1650 level. In the short term, it still tends to be bullish. Both long and short profit-taking positions should not be too high, around 30 points is sufficient. Having just experienced a large fluctuation, the market will not see a significant range of fluctuations. For those with open positions, seize the opportunity in these two days and exit quickly. If you are unsure, you can consult Cui.

Cui's message: The entire article is based solely on personal speculation and has no reference value. Investment needs to be cautious, and I wish everyone abundant wealth!

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