Market analysis: volatile market, cautiously chasing higher
The weather is gradually getting cooler, and it is not as hot as before. The fluctuations in the market are not too big, and the overall situation is in a state of general recovery. It looks like it is waiting to be fed, and the overall market is still calm. Since the weekend, the bitcoin market has been in an upward trend, and we don’t know how long this upward trend can last. What we can do now is to be as calm as possible Sometimes we use the futures model to make a lot of profits in this secondary investment market. After all, we can’t compete with the project side or the banker. We can only benefit when the market is relatively stable, and at the same time let ourselves live in the market longer. In this investment market, I wish all investors a good harvest in this new September. Let's take a look at the market trend of mainstream currencies today.
BTC
The closing price of the daily chart yesterday was around 9600. This point is also a low point relatively recently. If the lower level of 9300 cannot be broken, then the market will naturally rise on every rebound. 9600 is not a very high position for long positions. The overall trend in the four-hour intraday session today is good, and it can also be seen above 9800-10000 today. The suppressed level of 9930 above is a good proof that the market will not change much within the day, and the market will basically remain oscillating at 9650-9800. Today's BTC panic value is 24. I think there are not many changes before coming, and it is also a good time to enter the market.
ETH
Ethereum had a wave of upward growth yesterday, but it fell back after a short period of time; later, as the market continued to rise, although Ethereum had the intention of following the trend, it did not have the power to rise; it could only be regarded as coming There was a wave of small rebounds, and it did not completely follow the market to break through the shocks; however, we can look forward to the supplementary growth of Ethereum in the later period, and take advantage of the trend to get a profit from multiple orders. The indicators in the accompanying drawings are also very optimistic, maintaining an attitude of increasing volume. On the whole, the short-term trend still has a rising trend with the broader market. The ETH market continues to fluctuate. Although it has not broken through the 180-line at present, the long positions can be accumulated, the downward test support is not broken, and the price is stable at the 170-line.
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