Good morning, crypto friends! ☀️ I am your daily market watcher, Wang Yibo~ Fans, hurry up and check in, those who like this will definitely make a fortune today, with chicken legs 🍗 and roses 🌹 all arranged for you! Without further ado, let’s dive into the big market news from yesterday to today; missing out could mean a loss!
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💎 First, let’s look at the US stock market: Tech stocks lead the way with a “high,” and as soon as the news hits, everything rebounds 💎
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Last night, the US stock market closed with great joy! The Dow rose by 0.66%, the S&P by 0.59%, and the Nasdaq by 0.44%, with all three major indices in the green, as if they were giving everyone a pre-release benefit~ Especially the “big three” in the tech sector, Boeing rose by 3.6%, Intel surged by 4.4%, and Tesla jumped directly by 4%, making people envious of these gains!
In the end, it was the August core PCE year-on-year rate that “did the trick” — 2.9%, just as expected! As soon as this data came out, the US stock market and the crypto market “came back to life,” and the contract market even pressed the shorts down for a “rub,” leading to another surge! I must say honestly: this market is like a “child listening for news,” one piece of data can make it jump around. Inflation hasn’t completely retreated, and policies aren’t set in stone; if you don’t want to miss out? You must keep a close eye on real-time dynamics with me, or the opportunity will vanish in an instant!
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💎 Bitcoin: Rallied then fell back, need to “guard against a plunge” this weekend 💎
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Now looking at our Bitcoin, it also had a bit of a “stir” last night~ It first dropped to a low of 108,575, looking like it was about to “lie flat,” then rebounded to 110,240 on the news, but as soon as it touched the high, it “stopped” and fell back.
From a technical perspective, although the four-hour chart shows a “full-bodied bullish candle,” to put it bluntly, it’s still an “early correction,” not yet at a true reversal point. The price is now stuck in a “vacuum zone,” with the mid-line at 111,000 being a significant hurdle; if it can’t hold, it might drop again. The hourly chart is even clearer, with several rises hitting the upper Bollinger Band before “turning around,” leaving an upper shadow line to say “goodbye” to everyone.
What’s more critical is that the market this weekend has “fewer people and less money,” and when liquidity tightens, volatility is more likely to “amplify.” So I’ll lay it out here: we’re still bearish on Bitcoin in the short term, don’t blindly chase highs, be careful not to get “stuck” in the market!
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💎 Ethereum: Rallied fiercely but don’t get carried away, remember the interconnected risks 💎
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If we talk about yesterday’s “star performer,” it has to be Ethereum! It rebounded from a low of 3,871 to a high of 4,066, rising nearly 200 points in one go, making this one-sided trend exhilarating and directly becoming the market focus~
But I must pour a bucket of “cold water” on everyone: no matter how strong Ethereum is, it still has to look at Bitcoin’s “face”! Now that Bitcoin itself is under significant pressure, even if Ethereum wants to continue rising, its momentum will be dragged down. The demand for short-term corrections can no longer be hidden; if you see Ethereum “not rising” at high levels, or if it forms a long upper shadow line, or if Bitcoin breaks key support, quickly reduce your positions to avoid risks!
Of course, if Ethereum can stabilize in the 3,950-4,000 range and Bitcoin doesn’t drop, then it wouldn’t be too late to consider entering the market at that time~
In short, this market is entirely driven by news, with shifts between bullish and bearish faster than flipping a book! If you want to make big money in the crypto world, you need to stay close to me, I’ll provide you with real-time dynamics and operational advice clearly~ Hurry up and like and save, let’s “make money” together in the market! 🌹🌹
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If you are feeling lost — not understanding the technology, not knowing how to read the market, unsure when to enter, not knowing how to set stop losses, not understanding take profits, randomly increasing positions, getting stuck at the bottom, unable to hold onto profits, missing out on market movements… these are common issues for retail investors. But don’t worry, I can help you establish the correct trading mindset. A single profit is worth more than a thousand words, and finding the right direction is better than repeatedly failing. Instead of frequent operations, it’s better to strike accurately, making each trade more valuable. If you need real-time guidance, you can scan the QR code at the bottom of the article to follow my public account. The market changes rapidly, and due to the timeliness of reviews, subsequent trends will be based on real-time layouts. I look forward to moving steadily forward with you in the market.
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