The poor performance of the US employment data released last week has led to investors' concerns about the US economic recession. Under pressure, Bitcoin once fell to $53,000 on the 7th. However, after 6 o'clock this morning (9), Bitcoin began to fluctuate and rise from $54,400. At the time of writing, the highest price reached $55,096, an increase of 1.72% in the past 24 hours.
Today, September 9, if BTC falls below 52,000 in volume, the situation will be somewhat dangerous
Currently, the weekly line closed at around 5.4, which is still above a key support level, indicating that the bulls still have strong backing power.
Many people in the market are now looking at the BTC below 45,000. This reminds me of September-October 2023, when everyone was calling for a second bottom and a return to 19,000, but in the end it ushered in a crazy rise.
History may not be exactly the same, but it will be surprisingly similar . At present, many people are very panicked, no one dares to buy copycats, and long orders continue to be liquidated in large amounts. These are consistent, so my personal opinion is that the market will continue to rise.
Therefore, if you really want to stock up on BTC , 54,000 is worth buying. The same goes for copycats, which have been cut in half again and again. It is definitely worth spending some money to plan for it.
This week is a critical week. The weekly closing last week was not beautiful, but it was not bad. It remained stable at 54,000. It is still worth looking forward to mid-September.
This week's major economic events
On September 10 (Tuesday), Apple will hold a new product launch event, which may bring fluctuations to the US stock market.
On September 12 (Thursday), the United States will release the latest Consumer Price Index report. The market currently estimates that the CPI year-on-year growth rate will drop slightly to 2.6%, and the core CPI year-on-year growth rate will remain stable at 3.2% in July.
9.12 (Thursday) The European Central Bank (ECB) announced its interest rate decision, and the market expected a one basis point rate cut.
The best operating strategy for Altcoin in the current crypto !
Faced with the current market conditions of BTC and ETH, many retail investors and veterans know that the market has not stopped falling, and the overall trend is still in a downward channel, and Altcoin are even worse. Liquidity is poor, and there is great pressure to unlock tokens and sell them. So what should we do in this situation? Here are a few suggestions for reference.
Short-term traders with U in hand:
1. Light-weight swing trading: You can choose to trade on the second layer with a light-weight position, lock in large public chains, or phenomenal Meme currencies such as DOGE and SHIB, or other high-quality projects you are optimistic about. Run away after you are done, keep the USDT in your hands, and only do short-term operations!
2. Continue to wait and see, and follow the trend: If you prefer to be more conservative, you can choose to wait and see, wait until ETH and BTC stabilize, especially when Bitcoin breaks through 60,000, and then enter the market to follow the trend. By then, the Altcoin will also have a certain increase, so this operation is relatively safer. (Although the current Altcoin price is low, the market has not stabilized yet, and there are still risks.)
No matter when, the crypto never lacks opportunities for skyrocketing. The key is whether you still have USDT in your hands when the market comes. Treat it rationally and refuse FOMO!
At present, the September curse has come true, but I still don't change my view on the 2025 bull market. Now all kinds of recession hype and other fud are just washouts before the bull market. The Fed has been cautious about interest rate cuts in previous meetings. It is expected that the subsequent interest rate cuts will be gradually reduced to prevent excessive force. This is a typical preventive active interest rate cut, which is very healthy. Hold spot for a long time, invest for a long time, continue to buy, and wait for the bull market.
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