Master Chen 9.16: Support not broken and divergence does not mean a peak. Is it again buying the news and selling the facts?

In the global financial market, the cryptocurrency sector has always attracted attention, and Bitcoin and Ethereum, as the leaders in this field, constantly stir the hearts of investors with their price movements. Today, I

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Trump urges the Federal Reserve to significantly cut interest rates; the U.S. pushes for strategic Bitcoin reserve legislation; PayPal integrates cryptocurrency into its payment process; the U.S. SEC reaches a preliminary settlement in the crypto lending lawsuit with Gemini; France may restrict the operations of non-domestic licensed crypto companies.

September 16: Must-Watch in the Crypto World: U.S. tech stocks lead the rally, the Federal Reserve is highly likely to cut interest rates this week, be cautious of key support levels for Bitcoin and Ethereum.

Do not chase highs and sell lows.

From the current technical analysis of Bitcoin, the daily chart shows that the recent price is in a downward oscillation trend, with two consecutive bearish candles formed yesterday and the day before. On the hourly chart, in the past few hours...

Trading is not about shorting against a big bullish candle, nor is it about bottom-fishing against a big bearish candle. This kind of chasing highs and cutting losses is destined to be abandoned by the market. Trading should be about following the trend; take your time to appreciate this.

You can follow the public account of analyst Liang Qiu bb, who focuses on guiding the layout of mainstream coins.

Analyst Chen Shu: The rebound on September 16 has once again declined. Pay attention to the support and loss at 11.4. Midnight market analysis / accompanying trading strategy.

Want to set sail in the market? Liying is here to share a little secret, navigating together with everyone, letting the ship of dreams ride the winds and waves, heading towards the shores of success!