Good morning☀! My loyal fans, come and check in👍! Friends who like this post, I wish you great fortune🍗🍗🌹🌹!
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Overnight, the US stock market rose sharply. The Nasdaq rose by 2.17%, the S&P 500 rose by 1.07%, and the Dow Jones rose by 0.3%. Yesterday, the first debate between Trump and Harris made the crypto market oscillate like a roller coaster. But to be honest, Trump's election is more beneficial to the crypto market. Even if Harris is elected, it will only temporarily affect the market trend. You see, haven't Biden and the current US SEC chairman been suppressing cryptocurrencies? But Bitcoin still hit a record high! The decline of altcoins is due to their own problems. The project parties are endlessly unlocking, the big platforms are constantly delisting, and the new coins are cut as soon as they are launched. This is the fundamental reason. In fact, the dark moment of the crypto market is almost over. Last night's US CPI data was better than expected. At the Federal Reserve's interest rate meeting on September 19, the minimum interest rate cut of 25 basis points in September has become a foregone conclusion. Bitcoin and Ethereum ETFs have finally shown a net inflow! However, the liquidity of funds is mainly on BTC, and ETH is relatively weak. The suppression and accumulation of funds by the giant whale institutions is almost over. We can look forward to the market in October!
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After Bitcoin hit the bottom of 55534 last night, it began to rebound, and even reached a high of 57938. During this period, Bitcoin has been in a high-level box shape, and the fluctuations have been rapid. The release of the bottoming out and rebounding volume is relatively low, so it is a bit difficult to continue the rise. Technically, there are multiple suppressions in the four-hour structure, the Bollinger band shows signs of closing, and the MACD is also running in a shrinking volume, and the probability of a corresponding retracement is relatively high. The upper side of the box structure is the top of the 58000 area, and the lower side is 55000. This area has been sideways for a long time. At the 4-hour level, the upper rail should be suppressed after the middle rail falls and then rebounds. The short-term range oscillation pattern has not changed, and the momentum is slightly insufficient, which may continue the trend of rising and falling. Repeatedly sawing in the current range, waiting for the opportunity to break through. The current strategy is that before the range is broken, it is advisable to take the idea of going long at a low level, and then wait for an opportunity to go short after the pressure.
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The price of Ethereum rebounded to around 2400 yesterday morning and then fell under pressure. The rebound in the morning hit the upper strong pressure but failed to break through, and then fluctuated and fell. In the evening, affected by the news, the lowest test of 2275 started to rebound, and the highest overnight hit 2368 and fell under pressure again. Ethereum is still in a relatively weak consolidation range, and the short-term is still oscillating repeatedly. There is no strong magnetic downward penetration on the news. In a strong market, it is usually recovered on the same day after the retracement, but yesterday it fell back and closed at a low level, so the short-term bulls are not strong, and are still oscillating in a roundabout way. After closing low yesterday, pay attention to whether it can quickly fall and rebound today to regain lost ground! #特朗普与哈里斯辩论，特朗普概念币普跌 #美国8月CPI数据高于预期 #比特币挖矿难度创历史新高 $BTC $ETH
