New Yarra discusses: Bitcoin and Gold Market Outlook after September 2nd.

CN
2 hours ago

Good evening everyone, I am Xin Ya. So far, I have not tasted defeat for more than half a month. Yesterday's subsequent trading was quite good, right? Crypto gold double short. The previously mentioned 2455 has become a point for speculation, and yesterday's handling was excellent. I will put my ramblings at the end of the article.

Let’s first talk about the overall environment. The geopolitical situation has intensified; the US bombed two Iranian oil tankers, energy shipping has increased, precious metals have fallen, and the macro financial environment is not optimistic. Japan has raised interest rates, and the Federal Reserve is still busy shifting blame while openly stating correct nonsense. This round of the cycle is very prone to black swan events. Yesterday, the storage first rose and then fell, which is quite abnormal when combined with recent performance. As we all know, cryptocurrencies, gold, the US dollar, crude oil, and storage often counterbalance each other, but this recent trend is almost without pattern. I still believe in yesterday's view; they want to inflate a bubble and pop it through the process of debt restructuring, reminiscent of the 2023 Russo-Ukrainian war experience.

In other words, this month will usher in a situation of simultaneous decline in stocks and bonds, with the overall tone of all the above almost synchronized. In the short to medium term, if it weakens, there will be a repair in the medium to long term, and during the repair process, it may strengthen, only to continue weakening after completion, followed by a bottoming horizontal trend before turning strong. At that time, some policies may not harm the overall market too much but will only hurt retail investors' wallets. The process of weakening is prone to black swan stampedes, while strengthening will be viewed as bubble inflation. Only in this way can we explain the Federal Reserve's repeated tug-of-war surrounding interest rate hikes and cuts. They will use financial means to continuously dilute market bubbles, a point that China cannot learn.

Not to stray too far, looking at the structure of Bitcoin, it is clear that the divergence around 81500 is a sell signal, and the confirmation of a second sell at 78800 means that if you have 77800, it is not a triple sell but has to be used as a triple sell. At noon and in the afternoon, Bitcoin has tested 77800 twice, and the results are evident; it is too weak. The delivery accelerated downward one hour before four o'clock. It should be noted that a one-hour doji was formed at 76800, which should be marked first.

Regarding the future market
Bitcoin short at 77500, add at 78500, stop at 79200
Or short at 77800, add at 78800, stop at 79500
Aggressive short at 76800-77800, aiming for a triple sell structure
To fight for a rebound at 75400, 73700 can be considered, with a stop loss of five hundred points

Another possibility of a four-hour oscillation can only be considered if all data on September 4 is favorable.

The trend of Ethereum is regular and healthy, and the structure is very complete, pleasing to the eye. Therefore, the movement is rather complex; its first touch of 2365 for rebound in the afternoon was very weak. Thus, the subsequent market can only fight for a rebound in the next potential confrontation zone. In the short term, it may oscillate around 2320-2380.

Short at 2380, add at 2405, stop at 2435
Conservative short at 2405, add at 2445, stop at 2565
Or long at 2268, add at 2228, stop at 2198
Consider fighting for a rebound at 2320, 2268, with a stop loss of 20 points

Gold rebounded during the day and was hindered at the August support point; a new selling point is likely to be established. The old support of 4320-4340 must turn to resistance; in the future, either broaden the scope for new range games or use this as a pressure point to push down and test support. The former has a low probability but cannot be ruled out.

Short at 4320-4340, add at 4365, stop at 4388
Conservative short at 4343, add at 4380, stop at 4408
Target to test the 4250 area.
At the same time, 4250 can be considered for a small loss to fight for a rebound

Below are the recent consecutive verification records, with no defeat for more than half a month

Synchronize and share, public account: Xin Ya Talks About Chan

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink