September 2 Crypto Market Analysis 📉 Beware of Downward Risks in September!
The monthly K-line of the market closed in the red in August, ending a consecutive four-month trend of gains 📊
The high of 124,500 has become an absolute short-term top, making it difficult to break through in the short term!
September, historically a weak month, requires caution against further correction risks ⚠️
The total market capitalization of the global crypto market is currently around $3.82 trillion, down slightly by 0.40% from yesterday.
🔮 Bitcoin Trend:
- After a peak of 109,907, it began to retrace; today, focus on the 108,000 position
- If it does not break 108,000, the minor rebound trend can continue
- Resistance levels: 109,900 - 110,500 - 111,500
- If it falls below 108,000, the rebound may end
- Support levels: 107,000 - 105,000 - 101,300
🔮 Altcoin Trend:
- After a peak of 4,500, it began to retrace
- Key level to watch is 4,320; if it holds, the minor trend remains bullish
- Resistance levels: 4,430 - 4,500 - 4,550
- If it falls below 4,320, a one-hour level correction may begin
- Support levels: 4,250 - 4,200 - 4,100
Operation Reminder: The market is quite volatile; pay attention to position control and manage risks well! It is recommended to operate cautiously in combination with your own strategy.
✨ For reference only, not investment advice! Feel free to share your views! 👇
