Today's panic index is 51, transitioning to a neutral state.
Currently, the RSI index is 48.34, showing a neutral to weak tendency. Although a rate cut by the Federal Reserve in September is highly likely, traditionally, September is a weak month for cryptocurrencies, and the market may face some downward pressure.
BTC core range: 107000-111000, short-term can enter positions near support levels. ETH core range: 4200-4400, short-term can choose to sell high and buy low, and operate in line with trends after breaking through the range. The overall market is in a range-bound fluctuation, so it’s advisable to focus on some strong cryptocurrencies: such as SOL and OKB, which have technical breakthrough potential, and XRP, which has ended litigation with the SEC. If you don't want to make any moves, then wait for key positions before considering entering, let's wait until the CPI is released before making any decisions.
Currently, the RSI index is 48.34, showing a neutral to weak tendency. Although a rate cut by the Federal Reserve in September is highly likely, traditionally, September is a weak month for cryptocurrencies, and the market may face some downward pressure.
BTC core range: 107000-111000, short-term can enter positions near support levels. ETH core range: 4200-4400, short-term can choose to sell high and buy low, and operate in line with trends after breaking through the range. The overall market is in a range-bound fluctuation, so it’s advisable to focus on some strong cryptocurrencies: such as SOL and OKB, which have technical breakthrough potential, and XRP, which has ended litigation with the SEC. If you don't want to make any moves, then wait for key positions before considering entering, let's wait until the CPI is released before making any decisions.