9.8BTC retracement is not over yet, it's not the time, catch the bottom, don't be impulsive

#铸造交易HMSTR PreToken，提前锁定空投收益 #分享3个在反弹行情中表现最佳的Meme币 #目前您持仓最多的山寨币是？

——I am analyst Li Hong

The changes in the market are regular, while the changes in human nature are unpredictable. Facing the ups and downs of the market, the more you focus on it, the more likely you are to be shaken and become indecisive. Even worse, you may become a nervous wreck. If you don't have a strong mindset, you will find that the more you know, the more passive you become, and you will be led by the market. One moment you are bullish, the next moment you are bearish, and in the end, you won't understand why you entered the market. You entered using moving averages, but got wiped out by Bollinger Bands. You built a position based on patterns, but got eliminated by candlestick patterns. High intelligence doesn't guarantee long-term success in this market, but high emotional intelligence ensures that you won't lose too badly.

In terms of news: Data released by the Bureau of Labor Statistics on Friday showed that the number of non-farm payrolls in the United States increased by 142,000 in August, and the data for the previous two months were both revised downward, with a cumulative downward revision of 86,000 for non-farm payrolls in June and July. The unemployment rate in August dropped to 4.2%. The report shows that the job market is losing momentum. Although layoffs are still largely suppressed, many companies are delaying expansion plans due to high borrowing costs and uncertainty before the November presidential election. Recruitment in the healthcare and social assistance sectors has driven the rise in employment. The recruitment numbers in the construction and government sectors have also increased. The diffusion index, which measures the breadth of employment rise, has risen. The participation rate in August remained unchanged at 62.7%. The participation rate of workers aged 25-54 has declined for the first time since March. Despite the decline in the unemployment rate, hiring in the United States in August remains lukewarm, which may intensify the current debate about the extent to which the Federal Reserve should cut interest rates.
#BTC
From the Candlestick trend of BTC, not only the pump momentum is weakening, but also the PA is in a low consolidation range. The rebound amplitude on Saturday compared to the previous day's decline is still very limited. The slow rise and fast fall ladder-like downward structure of the coin price has not been affected. The support at 54000 below is temporarily defended successfully. From a four-hour perspective, it is still in a trend of shorts. After the BTC price directly fell below 0.382 after falling below 0.50, it has already represented the reversal of the market from longs to shorts. Yesterday's small rebound was only a slight rebound! Furthermore, a rebound does not represent a reversal. Today, the coin price is temporarily pulled back above the middle rail of the 1-hour Bollinger Band due to the pressure of the upper rail. The MA5 and MA10 death cross are running downwards, the MACD shorts are shrinking, and the downward pressure on the coin price has weakened. Intraday, pay attention to the breakthrough of the MA5 pressure. Looking at the overall trend, the BTC daily candlestick is still in a gloomy pattern of decline. I am more inclined to break below the 53500 support and give a shorts guidance. BTC: Open short positions in the area near 54600-54700, with a target of 50000.
#ETH
On the four-hour chart of ETH, the Bollinger Bands are gradually flattening, and the price is moving between the midline and the lower band. The resistance above is near 2330, and for personal reasons, I am not optimistic about breaking through 2330 over the weekend. I personally believe that the current market will continue to operate within the range. The MACD lines in the attached chart are flat and trending downward with increasing volume, the Stoch has a golden cross, and the RSI is showing an upward trend. Therefore, overall, the current trend is a consolidation. In terms of operation, you can consider shorting at the high end and longing at the low end within the range. For Ethereum: Short in separate positions near 2330-2300, with a target down to 2200.

- The above article was written by Li Hongtrend, and the article only represents personal opinions. The positions on different platforms are inconsistent. Real-time market quotations and charts are connected by the author. The above analysis content only represents the author's personal opinions and does not constitute specific operations. The article has a lag. Profits and losses are at your own risk. Investment involves risks, please be cautious when entering the market.