☯️ 9.10｜BTC has returned to around 78,000 again. Tonight's PPI is the real test. For now, let's see whether there are buyers on this pullback during the day.
Today is the Bingwu year, Dingyou month, and Dinghai day. Ding fire sits on Hai water. Using that image to talk about the market: sentiment wants to rebound, but external pressure keeps pouring cold water on it. Treat this kind of metaphysics as cultural flavor only; trading still comes down to price and volume.
$BTC is around 78,046 dollars, down 0.83% over 24 hours, in a range of 77,764—79,768. Yesterday it touched above 79,700 but still failed to reclaim 80,000, so short-term weakness remains. Support is at 77,700—78,000. If it holds and reclaims 79,000, then look toward 79,700—80,000. If it breaks below 77,700, watch for 77,000—77,300. Not breaking lower does not automatically mean a shakeout; I'd rather see whether buying follows after the pullback.
ETH is around 2,471 dollars, down 0.99% over 24 hours. Support is 2,440—2,470, with 2,400—2,420 below that; resistance is 2,500—2,520, then 2,550—2,580. Reclaiming 2,500—2,520 would give altcoins a chance to recover; if 2,440 gives way, don't rush to look for small coins to catch up.
Last night the Dow fell 0.77%, the S&P 500 fell 0.48%, the Nasdaq fell 0.64%, and the 10-year U.S. Treasury yield at one point approached 4.84%. For the S&P, watch 7,580—7,620 as support and 7,680—7,720 as resistance; for the Nasdaq, 26,000—26,200 as support and 26,500—26,700 as resistance. Tonight, don't just stare at the indexes — whether yields can come down is more important.
Spot gold is around 4,414 dollars. Safe-haven buying and high-rate pressure are still tugging in opposite directions. Support is 4,380—4,400, with 4,350—4,370 below; if it breaks above 4,450, then watch 4,480—4,500. Geopolitical conflict is still ongoing, but that doesn't mean gold only goes up.
Brent crude has already moved above 100 dollars, so inflation pressure has not disappeared. PPI will be released tonight at 20:30 Beijing time, and CPI will be released at the same time tomorrow night. If the data come in hot, it could keep rate-hike expectations elevated; if they come in below expectations, we still need to see whether yields follow with a decline.
Today, just watch BTC at 78,000, ETH at 2,500, as well as oil and the bond market. Before the data comes out, I'll treat the market as range-bound with a weak bias and won't take a large directional position in advance.
Don't go too heavy on position size, don't use too much leverage, and decide your stop-loss in advance. The first candlestick is not necessarily the real direction; waiting for confirmation matters more than chasing a move a few dozen seconds early.
Do you think BTC will first reclaim 79,000, or will it go to 77,000 to look for support?
This is only a personal market observation and does not constitute investment advice.
Today is the Bingwu year, Dingyou month, and Dinghai day. Ding fire sits on Hai water. Using that image to talk about the market: sentiment wants to rebound, but external pressure keeps pouring cold water on it. Treat this kind of metaphysics as cultural flavor only; trading still comes down to price and volume.
$BTC is around 78,046 dollars, down 0.83% over 24 hours, in a range of 77,764—79,768. Yesterday it touched above 79,700 but still failed to reclaim 80,000, so short-term weakness remains. Support is at 77,700—78,000. If it holds and reclaims 79,000, then look toward 79,700—80,000. If it breaks below 77,700, watch for 77,000—77,300. Not breaking lower does not automatically mean a shakeout; I'd rather see whether buying follows after the pullback.
ETH is around 2,471 dollars, down 0.99% over 24 hours. Support is 2,440—2,470, with 2,400—2,420 below that; resistance is 2,500—2,520, then 2,550—2,580. Reclaiming 2,500—2,520 would give altcoins a chance to recover; if 2,440 gives way, don't rush to look for small coins to catch up.
Last night the Dow fell 0.77%, the S&P 500 fell 0.48%, the Nasdaq fell 0.64%, and the 10-year U.S. Treasury yield at one point approached 4.84%. For the S&P, watch 7,580—7,620 as support and 7,680—7,720 as resistance; for the Nasdaq, 26,000—26,200 as support and 26,500—26,700 as resistance. Tonight, don't just stare at the indexes — whether yields can come down is more important.
Spot gold is around 4,414 dollars. Safe-haven buying and high-rate pressure are still tugging in opposite directions. Support is 4,380—4,400, with 4,350—4,370 below; if it breaks above 4,450, then watch 4,480—4,500. Geopolitical conflict is still ongoing, but that doesn't mean gold only goes up.
Brent crude has already moved above 100 dollars, so inflation pressure has not disappeared. PPI will be released tonight at 20:30 Beijing time, and CPI will be released at the same time tomorrow night. If the data come in hot, it could keep rate-hike expectations elevated; if they come in below expectations, we still need to see whether yields follow with a decline.
Today, just watch BTC at 78,000, ETH at 2,500, as well as oil and the bond market. Before the data comes out, I'll treat the market as range-bound with a weak bias and won't take a large directional position in advance.
Don't go too heavy on position size, don't use too much leverage, and decide your stop-loss in advance. The first candlestick is not necessarily the real direction; waiting for confirmation matters more than chasing a move a few dozen seconds early.
Do you think BTC will first reclaim 79,000, or will it go to 77,000 to look for support?
This is only a personal market observation and does not constitute investment advice.
