BTC, ETH, etc. fell across the board, and they did not stabilize when they approached the threshold. You have to wait for the dip
Yesterday, the three major US stock indexes fell across the board. The Dow fell more than 500 points, the Nasdaq fell more than 3%, and the S&P 500 fell more than 2%. Gold futures fell below the $1,870 mark. International oil prices closed up slightly, with U.S. oil futures approaching the $40 mark. The U.S. dollar index exerted strength and closed up to 94.34. The vice chairman of the Federal Reserve reiterated that interest rates will not be raised in the short term, and additional fiscal policy support needs to be considered.
Yesterday, after BTC continued to be blocked at 10,500, it continued to initiate a small-scale heavy-volume correction. After falling below 10,200, the currency price quickly regained its lost ground, and it is currently under pressure at 10,350. The short-term trend lacks momentum for a big drop. Investors need to pay attention to whether the intraday trend can break through and stand above 10350, stand firm or continue to rebound. On the contrary, there is a high probability that the area around 10,000 will be explored and the market will be consolidated. During the day, we will continue to pay attention to the support of the 10,000 integer mark below.
In the intraday operation, the 10380-10440 area is mainly high-altitude, and the lower 10000-9900 area is much lower.
In yesterday's round of decline, ETH has a larger decline, and its structure is weaker than BTC. Its lowest point has pierced the lower resistance range, which is close to the low point on September 6. ETH has yet to show signs of stabilizing and rebounding. Whether the decline is in the end, there are too many uncertainties in the left side of the transaction. Wait until the trading method on the right is established before judging. At this stage, my advice is to wait and see. Those who have a position can hold it as long as the position is not heavy, and those who do not have a position, it is not a big problem to buy a small amount. During the day, we need to continue to pay attention to the enlargement of trading volume and the support of the 300-point integer mark below. Because this position has support from both the market and the position. But there are too many unexpected events, so it is definitely unwise to take heavy positions.
In the intraday operation, the 335-340 area is mainly high-altitude, and the lower 310-300 area is much lower.
