EDU Safe-haven funds began to withdraw sharply on Sunday morning, so the decline was the most severe at that time. Now those who should sell have sold, and those who want to buy are afraid of a sharp drop before and after the opening of the US stock market, so they choose to wait and see. Once there is a real sharp drop, there will be funds to buy the bottom, and once it stabilizes, there will be funds to chase the rise, so now there is a safer margin to go long. I feel that most people are still afraid of a correction, so they choose to do it. A small number of people, more importantly, I am bullish in the general direction!
No one dares to buy at the real bottom. For example, retail investors are now playing badly and have no intention of buying at the bottom. This is the sadness of retail investors! You will find that retail investors have been doing two things in this market:
1. At the end of the bull market, they rushed to buy, for fear of missing out, and they were trapped at the highest point! In 21 years, a large number of leeks and funds poured into this market, which is an unprecedented scene! 2. At the end of the bear market, they rushed to sell, and this time it was even worse, and they directly unloaded from the exchange.
No one knows where the bottom is at the moment, and there is no need to predict it! Two points can be confirmed:
1. There are fewer and fewer people in the currency circle, and there must be a huge and grounded scene to create industry wealth. 2. The market is around 60,000, far below 49,000
How to expand the cryptocurrency trading with small funds?
I think small funds are not scary, but greed is. Many people lose money with small funds because of greed. Can you make 1 million in the cryptocurrency circle with 1,000 yuan? Yes. It is 1,000 to 1,050, 1,100, 1,150... It accumulates slowly like this. Most newbies think that 1,000 can become 2,000, 2,000 to 4,000, and 4,000 to 8,000... Whenever you have this idea of doubling, most of it will return to zero. You have deviated from the idea of investment and financial management. Because the funds are small, the risk is slightly greater. If you add the idea of being aggressive, you will probably lose money. With small funds, you need to be patient. Time is very important.
BTC is in an upward wedge pattern. It broke through the downward trend in the morning and started to rise, looking up at the 61900-62200 pressure range;
ETH also broke through the small downward trend at noon and started to rise, looking up at the 2700-2720 pressure range.
Powell will speak at 22:00 in the evening. If the pressure range is reached before the opening of the US stock market in the afternoon or evening, you can try to short.
BTC is shorted at about 61700-62200, with a stop loss of 62500;
ETH is shorted at about 2690-2720, with a stop loss of 2740;
Although the market has no doubts about the Fed's September rate cut, Powell's speech at Jackson Hole still attracted attention. Let's wait and see tonight!
Further deterioration in economic data may determine the rate cut of 25 or 50 basis points.
Slowing inflation and a weakening labor market have led the market to expect the Fed's dovish stance to become more clear
A whale that built a BTC position at an average price of $63,878 is suspected to have reduced its holdings of 300 BTC half an hour ago, and has lost nearly $4.08 million According to the monitoring of on-chain analyst @ai_9684xtpa, the whale with the address starting with 35TZj, which built a BTC position at an average price of $63,878 in July this year, is suspected to have reduced its holdings of 300 BTC half an hour ago, worth about $18.25 million. The whale withdrew a total of 855 BTC from the exchange between 07.10 and 07.23, and sold 297 BTC in panic on 08.05, the day of the market crash. Together with the part sold today, it has lost nearly $4.08 million. It currently holds 259 BTC, with a floating loss of $805,000.
In the fluctuations of the bull market, the main force in the market often takes strategic price suppression before the violent pull-up, inducing retail investors to sell at a low point. When the price suddenly soared, retail investors realized that they had fallen into the trap carefully laid by the main force. In the last crazy stage of the market, many people couldn't help chasing highs, hoping to seize the last profit opportunity, but often ended up being trapped at the peak of the price. The main force's strategy is to create an illusion that retail investors are about to collapse, and if they don't sell immediately, their assets will suffer huge losses. However, this panic is often a means for the main force to manipulate the market, with the purpose of getting retail investors to sell in panic, so that the main force can collect more chips at a low price. When the chips in the hands of retail investors are reduced, the main force can more easily control the market, prepare for the next pull-up, and attract more people to participate. This game is a psychological and strategic game between the main force and retail investors, full of uncertainty and risk.
The Fed's "dovish" stance has caused A-shares to fall again!
The minutes of the Fed's meeting released overnight show that the September rate cut is very close.
The minutes show that officials have realized that the Fed has fallen behind the situation, and they realized it before the release of the July non-farm data.
A 25 basis point rate cut in September is a foregone conclusion. In addition, Powell's speech on Friday will surely warm up the rate cut, but the magnitude is still the key.
A-shares continued to fluctuate and rebounded near the end of the trading day.
Many bank stocks hit new historical highs during the trading session.
But the three major indexes still closed down across the board.
3,667 companies in the two markets are expected to rise, and the increase is only one-third of 1,437.
The trading volume increased slightly by 18.6 billion in the morning, and the trading volume in the morning was 336.8 billion.
If Bitcoin is going like this at the moment, it won't be able to pull much. The bulls haven't finished washing it yet, and I have to wait until the new spot below comes out and stabilizes before I consider entering the market. Even if the pin is inserted now, it won't be able to pull much. 1 a.m. - From 2:30 to 4 o'clock, be careful to fall back to the low point and then do it. If you enter now, you are afraid of being buried if you insert the needle harder.
[Will the United States raise or lower interest rates? ] The crypto market has been fluctuating up and down recently. Whether it is raising or lowering interest rates, there are only two possibilities: One is to continue to raise interest rates or maintain high interest rates, so that the US debt will only become heavier, and will eventually drag down the credit of the US dollar. At that time, the world will no longer trust the United States, and the United States will also start civil unrest, and the Jews and Anglo-Saxons will start fighting until the United States splits; The second is to lower interest rates, declaring that the United States has completely failed in this financial war, and a large amount of US dollars will flow out of the United States and depreciate sharply. The US dollar hegemony will be lost, and it will no longer be able to harvest other countries through the US dollar tide. In addition, the United States’ own manufacturing industry is weak and weakening is inevitable, and it will eventually become a second-rate country.
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