Market Sharing
1. Insider is madly increasing his long positions, and the position has risen to 600 million USD. From the news perspective, the Federal Reserve has cut interest rates three times this year, and the level of easing is quite large, making liquidity very abundant.
2. The 4-hour BTC cycle has not clearly broken out of the fluctuating market. The previous bear flag channel has adjusted into a range, indicating that the original trend has changed. Until the range is broken, I will still trade according to the range logic:
892/880 go long near 940 go short
3. The long-term ETH cycle is still in a bearish flag pattern. The best scenario is to break through the upper channel line, making 3600 and 3700 just around the corner. The problem is that the probability of the bearish flag's downward trend line is greater. Considering the impact of liquidity and whales going long, choosing to go long at the trend line could be a relatively good position.
3230/3200/3150 go long
4. Today is Friday, and the market has consolidated for a day. Tonight, with the opening of the US stock market, there will definitely be significant movements. Analyzing the US stock market, it should still be dominated by fluctuations, but that doesn't mean that cryptocurrencies won't have movements. Everyone can take a good rest over the weekend.