$BTC $ETH $SOL
Market analysis on Friday, September 6:
BTC continued to fall yesterday, with a slight increase in volume. The small non-agricultural data was not ideal. If you had a hidden account yesterday, you can wait for a rebound during the day today. You need to wait and see before 8:30 pm
Today's evening data market outlook is not optimistic. Be prepared for defense. You can open short positions at high levels (around 57500-58000) during the day and wait for the evening non-agricultural announcement. If you open and Yue, you must bring a stop loss
Spot holders need to reduce their positions today and wait for the evening data to be released before making plans. The interest rate cut is approaching. There is a high possibility of a callback before the start of the interest rate cut cycle and in January and February. This is the case for every round of interest rate cuts, but the big cycle is absolutely positive and needs to be patient
The expectation of a 50 basis point interest rate cut in September has declined, and the big cycle expectation has not changed. The bull market expectation is still built on ETH followed BTC in a synchronous decline, with a slight increase in volume, but it did not get out of the downward trend. The market continued to be sluggish. Pay attention to the evening data level. The expectation is not optimistic. It is recommended to wait and see.
ETH's on-chain GAS has fallen to a new low in 5 years. The on-chain environment is sluggish and has almost touched the bottom line. Keep holding. A new round of rising cycle is not far away.
Fundamental news: Pay attention to the non-agricultural data at 8:30 pm. If there is a large negative signal, it is also a great time to buy the bottom.
Today's intraday market, BTC's lower support is 54000-54500. If the data shows major negative, pay attention to the second support of 52500-53000, and the upper resistance is 57500-58000.
ETH's lower support is 2280-2300. If the data is negative, pay attention to the second support of 2160-2210, and the upper resistance is 2430-2480.
