By 8pm, Bitcoin continued to fall back to 49,000 points. Up to now, the US market has not yet started selling, all are sold in the Asian market, so pay attention to the selling pressure in this market. US markets on Black Monday night are sure to be bloody. Of course, our empathy also has a lot of opportunities, and such a trend is really easy to implement. If you follow the trend, you will definitely make money easily. The news over the past two days has basically caused a lot of losses, but short sellers also made a lot of money. The main thing in trading is to find the trend and follow the trend strategy. However, this harsh market environment is also possible. create bloody situations. Opportunity to get rich, do you think this is true? If the US market comes under selling pressure overnight, it will certainly fall below the 42,000 resistance and the worst outcome will be hovering around the 3XXXX level because today is Monday and it carries market sentiment yet. digested first. week. Market sentiment on Tuesday and Wednesday has gradually slowed down, or it can be said that the bottom may soon bottom. #btc #bitcoin
Long-Term Cryptocurrency Investing Can Yield Better Results Due to the high volatility, potential day traders may be better off simply adopting a buy-and-hold strategy with a given cryptocurrency. They will be able to ride the momentum without having to think about when to jump out. While their cryptocurrency will still be subject to volatility, they will not have to make the decision to sell and then have the coin continue to soar.
The coin price has risen again after the buyers and sellers traded last night, after a period of slow fluctuations, the price has begun to rise, peaking at 58425. We have made two transactions with Bitcoin, earning a total of 1752 points, and students can also sleep well; the market is easy to control, and the profit is simple. At present, the winning streak continues, the weekend is not a break, we will keep everyone updated.
From the current 4-hour chart, although the coin price is still operating around the average level, the buyers are in a certain position, but the peaks have not been broken. Yesterday, after touching 58500, the price quickly fell back, indicating that the upper resistance is quite strong. Combined with the failure to increase last night, it shows that the buying side is somewhat weak, while the selling side has not shown its superiority. Today is Friday, and the volume is expected to increase in the evening, while the day is still mainly a fluctuating trend. Therefore, in trading, we still recommend shorting at high levels, making transactions around the resistance area.
Ethereum Market OverviewEthereum, the second largest cryptocurrency by market capitalization, is currently trading at $2,353.52, up 0.96% over the past 24 hours. This steady growth follows a period of volatility, when the token dropped to $2,334 before recovering. $ETH ’s daily trading volume has also increased, up 8.83% to $14,464,750,354.
The market cap is currently around $282.8 billion, reflecting a 0.83% increase over the previous day. The circulating supply remains at 120,330,374 $ETH , with the total supply similar to this figure.
#Bitcoin❗ Resistance at $58,500 The first major horizontal level to break at $BTC would be around $58,500. If this resistance is broken, we could soon reach $60,500!
$VET is about to break! This massive daily pattern is about to break for#VETBullish breakout target is $0.05 Are you ready for this big move for #VeChain ?
In 2010, a programmer accidentally came across $BTC , when the price of Bitcoin was almost zero. Out of curiosity, he mined 500 Bitcoins with a regular computer. Feeling that these digital currencies had no real value, he ignored them and continued to be busy with his work.
A few years later, when the price of Bitcoin skyrocketed to thousands of dollars, he remembered the Bitcoins he had from the early years. When he was excited to find them again, he discovered that he had formatted the hard drive containing the Bitcoins and even thrown it away. At that moment, he realized that he had missed out on a huge fortune.
This analysis is an update of the analysis you see in the "related ideas" section. BTC (4H) Update
This analysis is an update of the analysis you see in the "related ideas" section. After the price was rejected from the supply identified in the previous analysis, the price finally reached our demand zone. Bitcoin has reacted to this zone. The price is expected to reach higher zones.
We are holding a long position on BTC with low volume. At the top of the chart, we have a liquidity pool which is our target.
$ICP /USDT Analysis: $ICP is trading within a descending triangle and is being rejected by the resistance line. The Ichimoku Cloud is supporting the current price. A breakout would confirm a bullish move, but further consolidation within the pattern is also possible. #Write2Win #binance #Web3 #Aptos
After the #cpi data we now see a lower probability of a 50bp rate cut on September 18th, the next meeting is #FOMC and I hope this will be the start of a continuation of the Bull Market!
Combine Fundamental and Technical Analysis for Better TradingCombining fundamental and technical analysis can provide a more comprehensive view of the market and improve your trading decisions. Here's how to effectively integrate both methods:
1. Start with Fundamental Analysis: Analyze the fundamental factors that can influence the value of an asset. This includes evaluating financial statements, industry trends, economic indicators, and company news. For cryptocurrencies, consider factors such as technology, adoption, and regulatory news.
#BTC/USDT ANALYSIS Bitcoin is currently facing resistance from both the 100-day moving average#BTC/USDT ANALYSIS
Bitcoin is currently facing resistance from both the 100-day moving average and the Ichimoku Cloud, which is located above the current price action.
Bitcoin is trading within a descending expanding wedge pattern, with the 200-day moving average providing support just above the lower trendline of the wedge.
Further developments in price action are needed before any decisive action is taken.
Tonight’s first presidential debate between Donald Trump and Kamala Harris will focus on key issues like the economy (28%), abortion (12%), and immigration (13%).
Moderators David Muir and Linsey Davis from ABC News will oversee the 90-minute debate, which will take place at the National Constitution Center in Philadelphia.
The event will also include microphones being turned off during the opponents’ speeches to ensure orderly debate!
BTC price in the middle of the night pulled back to 58000, looking for a breakout. Although it has not been able to maintain the upward momentum, the adjustment space is still quite limited. Currently, the market is fluctuating around 57600. Yesterday, I gave a very accurate trading signal, two orders reached 1082 and 650 points respectively, and a small buy order was executed early in the morning, reaching 762 points.
Technically, the daily trend is in a continuous uptrend, with a certain upward momentum in the short term. However, the 58000 area is still a strong resistance level. Yesterday's adjustment did not break this structure. The uptrend shows signs of weakening. If the pressure above cannot break through, do not blindly pursue the price increase, so as to avoid the market reversing and encountering a sudden shock. $BTC $ETH
Market psychology analysis Recent news suggests neutral market sentiment, with potential for a short-term recovery, but the market remains bearish. Ethereum whales are reportedly selling or reallocating their holdings, which could indicate a lack of confidence in the price going up.
The market is showing signs of accumulation, suggesting there will be a period of stability before any major price movements.