Market view on the evening of September 21:
Have a nice weekend, everyone. Since the US stock market is closed on weekends and there is no support from ETF inflows, Bitcoin will retrace to 63,000 after encountering pressure, and it will fluctuate in a narrow range. It is still a healthy trend. ETH L2 TVL has rebounded to 36.13 billion US dollars, which is a positive signal. Most altcoins are also in a sideways stage. The current oil price has fallen below 7 dollars, and short positions will also lose money. I don’t know if you have noticed that it is still relatively friendly for those who want to enter the market. For those who are short and don’t like small-cap altcoins, the current ETH and BNB hoarding is over. BNB will definitely go back above 600 when the big cousin comes out!
From a technical perspective, the price of Bitcoin has risen for four consecutive days since the announcement of the interest rate cut. The market is also testing the highs of August 25-27. After hitting the low of 62,320 in the early morning, it is currently stable around 63,000. The 1H small level faces short-term pressure from the MA30 daily moving average. Overall, if the market continues to try to break through, it will need a certain amount of retracement adjustment. This is a healthy trend. Just pay attention to whether it can stabilize above 63,000 over the weekend.
Big Bread 4h support: 61088 Pressure: 64799
Yi Tai 4h support: 2518 Pressure: 2601
Hot news during the day:
🪅One of the major updates of Ethereum, Pectra upgrade will make changes to gas fees, validator rights, etc.
🪅 President Na of El Salvador visited Tesla headquarters and discussed artificial intelligence and the future of mankind with Musk
🪅 US SEC approved iShares Bitcoin ETF options products to be traded on Nasdaq
🪅 Harris: Striving for a second debate with Trump
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#美联储宣布降息50个基点 #加密市场反弹 #市场走势