1. Market review and analysis:
In recent days, the price of Bitcoin is at $65,820. Since the beginning of September, Bitcoin has experienced a sharp rise and has become one of the best performing crypto assets this month. The upward trend in September was mainly driven by ETF fund inflows and investor sentiment was optimistic. In terms of technical indicators, MACD shows a bullish trend and KDJ is also running in the high area, indicating that market sentiment is bullish.
Technical indicators: MACD: The bullish trend is obvious and the price has room for further increase.
KDJ: The K line and the D line are in the high area, and there is no overbought phenomenon yet. It is likely to continue to rise in the short term.
Specific operation guidelines: When KDJ forms a golden cross, it can be used as a short-term entry signal; at the current point around US$65,820, you can try to go long with a light position.
If the price drops below the $65,000 support, stop losses or wait and see should be considered.
2. Today’s highlights:
Key points
Resistance: The short-term resistance is at $66,500, and after breaking through it will be expected to challenge $68,000.
Support: The current support is $65,000, if it falls below, it may pullback to $63,000.
Changing market sentiment
According to trading volume and capital inflow data, market sentiment continues to be optimistic. CoinMarketCap and CryptoQuant data show that market capital inflows are strong, and short-term traders can continue to pay attention to price breakthrough opportunities.
3. 4-hour market analysis:
From the 4-hour chart, BTC fluctuates between $65,500 and $66,500, and bulls still dominate in the short term. If the price stabilizes around $65,500 and a KDJ golden cross is formed, it can be used as a short-term buy signal.
Operation suggestions:
If the price breaks through $66,500, you can consider adding short-term positions, with the target at $68,000.
If the price falls below the $65,000 support level, it is recommended to wait and see or set a stop loss to guard against short-term risks.
The current price of Ethereum is $2,695. The market has been stable recently. Driven by the positive news of ETF, the price of Ethereum has been rising steadily. MACD and KDJ technical indicators show that the bulls are strong in the short term and the price has room to continue to rise.
Technical indicators
MACD: shows that the bullish trend is dominant and the price will continue to rise in the short term.
KDJ: Currently showing a buy signal, the price could rise further to $2,750.
Specific operation instructions
When the KDJ golden cross appears and the price breaks through $2,750, you can consider adding short-term positions; if the price falls below the support level of $2,650, you need to operate with caution.
2. Today’s highlights:
Key points
Resistance: $2,750, a break above which could see further gains towards $2,800.
Support level: $2,650, if broken, there will be further downside risks.
Changing market sentiment
The current capital inflow situation shows that Ethereum's short-term performance is supported by market optimism, with trading volume increasing and investors generally bullish.
3. 4-hour market analysis:
In the 4-hour chart, ETH is fluctuating between $2,650 and $2,750, and the price may rise further in the short term. If the price breaks through $2,750 and the trading volume increases, it can be regarded as a short-term position increase signal.
Operation suggestions:
If the price breaks through $2,750, you can consider adding positions, with the target at $2,800;
If the price falls below $2,650, it is recommended to wait and see and wait for further market signals.
Market sentiment capture and sources:
The capital inflow and outflow data observed by CryptoQuant show that the market is optimistic about the short-term performance of BTC and ETH. The current market capital inflow is relatively stable, indicating that the bulls are strong. The discussion on social media is also rising, further supporting the market's expectations of rising prices.
Long-term trend forecast and guidance:
Macroeconomic and policy analysis: Global interest rate cuts and loose monetary policies may further boost safe-haven demand for BTC and ETH. Especially under inflationary pressure, more and more funds are flowing into the cryptocurrency market, which may further push up prices.
Medium- and long-term strategy recommendations: For long-term investors, if Bitcoin fails to fall below the long-term support level of $63,000, you can continue to hold it; if it breaks through the long-term resistance level of $68,000, you can consider further increasing your position.
Please make decisions based on the latest market dynamics, combined with the above analysis, and pay close attention to changes in market sentiment.
