1. BlackRock applies to launch a covered call strategy fund iShares Bitcoin Premium ETF
The core PCE data for August supports gradual easing, and the Federal Reserve's rate cut pace will remain unchanged.
3. The Pioneer Group explores providing cryptocurrency ETFs for US brokerage business clients.
Ethereum has continued to decline since September 26, reaching a low of around 3820. The price has been oscillating within a narrow range during the day, with short-term movements hovering near the middle track. Although there was a strong rebound to around 4067 at dawn, the trading volume remains low, indicating a false breakout. Currently, there are no strong signs of a breakout, and the price is operating near the 4000 position of the 4-hour middle track. In the short term, there have been multiple retests of the 3880 line, resulting in a rebound, temporarily alleviating the downward trend. Moving forward, the focus should be on the strong resistance at the 4080 line and the transition between the top and bottom. If a breakout occurs, there is a possibility of further rallying towards the 4280-4320 range. Conversely, if there is no effective support at the 4020 line before the end of the day, the market may retest the 3080 line to continue building a solid base, resulting in a range of oscillation. Tommy suggests making corresponding judgments based on market changes.
Night Trading Perspectives
1. Enter short positions near the price rebound around 4020-4050, with a stop loss at 4115 and take profit looking at the lower range of 3910-3880. 2. Enter long positions near the price pullback range of 3880-3920, with a stop loss at 3840 and a take profit target at 3980-4020 above. Night Trading View 3. Range: The range of 4020-3880 can be lightly shorted at high positions and long at low positions.
Prices are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions for specifics. #BTC #ETH
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|Hot News|
1. BlackRock applies to launch a covered call strategy fund iShares Bitcoin Premium ETF
The core PCE data for August supports gradual easing, and the Federal Reserve's rate cut pace will remain unchanged.
3. The Pioneer Group explores providing cryptocurrency ETFs for US brokerage business clients.
Ethereum has continued to decline since September 26, reaching a low of around 3820. The price has been oscillating within a narrow range during the day, with short-term movements hovering near the middle track. Although there was a strong rebound to around 4067 at dawn, the trading volume remains low, indicating a false breakout. Currently, there are no strong signs of a breakout, and the price is operating near the 4000 position of the 4-hour middle track. In the short term, there have been multiple retests of the 3880 line, resulting in a rebound, temporarily alleviating the downward trend. Moving forward, the focus should be on the strong resistance at the 4080 line and the transition between the top and bottom. If a breakout occurs, there is a possibility of further rallying towards the 4280-4320 range. Conversely, if there is no effective support at the 4020 line before the end of the day, the market may retest the 3080 line to continue building a solid base, resulting in a range of oscillation. Tommy suggests making corresponding judgments based on market changes.
Night Trading Perspectives
1. Enter short positions near the price rebound around 4020-4050, with a stop loss at 4115 and take profit looking at the lower range of 3910-3880.
2. Enter long positions near the price pullback range of 3880-3920, with a stop loss at 3840 and a take profit target at 3980-4020 above.
Night Trading View
3. Range: The range of 4020-3880 can be lightly shorted at high positions and long at low positions.
Prices are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions for specifics.
#BTC #ETH