9.23 Morning Express丨📝

Overnight, this move in the market was driven by news—it's not the kind of setup suitable for adding to positions.

BTC is currently around 86,300. On Tuesday, it spiked to a high of 87,400, then pulled back; during the Asian session it’s been trading sideways in the 86,000–86,600 range. ETH is around the 2,760 mark. That big bullish candle from Monday is still there, but trading volume has clearly shrunk—don’t directly treat 87,000 as a confirmed breakout.

Oil prices are still digesting geopolitical risk premium. On Monday, WTI fell to around 92, and the market even considers the UN General Assembly as a diplomatic negotiation window. The strait has not truly resumed navigation. Saudi exports are rising again, but once the diesel restriction lands, supply of refined products could face new uncertainties.

Fed officials reiterated on Monday that they do not rule out further rate hikes; in the dot plot, the expected hike from that one meeting hasn’t been removed yet. As oil prices fall, the pressure for a December rate hike eases a bit. But if negotiations break down, oil prices could rebound and the whole market logic would flip again.

Today’s two key events: the Iranian president’s speech at the UN General Assembly, and the first readings of the U.S./Europe PMIs this evening. The window for a meeting between the U.S. and China leaders is also within the next few days. The Clear Act still hasn’t passed, so there’s no positive catalyst from the regulatory side. This time the coin price rally is driven by an improving market risk appetite + short-covering, not by any bill-related tailwind.

86,000 is the support step for this leg. If it breaks, look for 84,000 and then 81,000 below. Don’t chase the long upper wick candle at 87,400 during the day. No matter which speech or PMI data shows abnormal movement—if oil moves, the coin price will swing immediately in tandem.

⚠️ Market recap only—does not constitute investment advice. Cryptoassets are subject to extreme volatility; pay attention to risk control.
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