9.16 Morning Analysis

#BTC dropped slightly last night, rebounded in the early morning. This kind of small fluctuations has no significant trend meaning, continuing the oscillation pattern, with the upper pressure being the previous high of 124474.

Regarding the altcoins, the leading coin in this round #MYX oscillated between 9.863~18.65. It made a move in the afternoon and early morning, then showed some weakness, be cautious of a breakdown.

#AVNT , as analyzed yesterday, has completed the three phases of trend (start, develop, climax), and it is expected that the short-term market has come to a close.

Other alpha newly listed coins surged and then quickly fell sharply, as these coins are small-cap speculative coins, typically played in short-term relay. Once the upward momentum is blocked, they will drop quickly, so do not try to catch the bottom for a rebound.

Overall, the market is in a chaotic state, and it is advisable to refrain from trading.