I haven't updated the market analysis in the past few days, mainly because I missed the rise in this period. The reason why I dare not get on the train is because I am worried about the US stock market. The monthly line of the US stock market has formed a structure similar to the M top. In my opinion, it is impossible for the cryptocurrency market to rise alone when the US stock market falls, so I dare not be too aggressive.

After talking about the reasons for missing out, let’s take a look at the market.

The upward trend of the weekend a few days ago was brought down after the opening of the U.S. stock market this week. The U.S. stock market fell for two consecutive days, causing many currencies to fall a lot, and even fell back to the starting point of this round of rise.

So is this round of rise over?

$BTC From the daily line, the trend is not weak, but it is blocked after hitting the downward trend line (the downward trend line at the daily level does not need to be too extreme, it mainly expresses a trend, so when drawing the line, some shadows can be ignored).

The downward trend also fell to the previous horizontal support level, and for the time being, it is above the moving average band.

The rebound that started on September 27, with Bitcoin's 2,500-point gain, is a normal correction of half, but this gate is a bit sharp and makes the market panic. However, judging from the intraday situation, we should temporarily regard it as a benign adjustment.

In general, Bitcoin is still relatively strong, and medium- and long-term bulls can be more patient. It is confirmed that the long position is 25900, which is actually far away from the current price, and the stop loss is not easy to set. Therefore, it is more appropriate to control the position and intervene in batches, and it is better not to fill the position all at once.

$ETH Overall, the trend is relatively weak. The E/B exchange rate had a strong trend before, but the decline in the past two days was swallowed up. However, this is also a normal phenomenon in the current market. The prospects are unclear, and funds prefer Bitcoin. As for the narrative of Ethereum itself, it is actually relatively secondary.

Ethereum has now reached a horizontal support position, with a potential head and shoulders bottom expected. There is also a trend line below as support. If it falls below, short-term bulls should stop loss.

There is nothing much to say about the copycat stocks. Those with capital protection are stronger, and those that are too heavy are weaker. For example, OP has almost lost all the gains in this section in two days.

Therefore, when running a copycat business, you must be flexible and not be too ambitious. You can plan ahead in a bull market, but in a monkey market, it is right to stop profit at any time when there is profit.

The US dollar index is extremely strong, breaking through 107 is also a suppression on the risk market

The three major U.S. stock indexes have also fallen a lot. Let's see whether the support below can hold. If not, it will be catastrophic.

Every time I posted an article before, I reminded you that the current global economy is full of uncertainty and monetary policy is tightening. What we need to do at this time is to prioritize saving our lives rather than gambling our lives.

Don’t be anxious if you miss the opportunity, don’t be afraid of missing the chance, survive and save your bullets. Only if you have chips in your hand are you qualified to sit at the poker table, otherwise you won’t even have a chance when the bull market comes.