Click on the link to enter the meeting: https://meeting.tencent.com/dm/pNYTHY0yaLxv
Tonight at 10 o'clock, start broadcasting on time.
BTC has been fluctuating between 78000-79000 in the past two days, with a current price of 78333 USDT, a 1% drop in 24 hours, and a market share of 58.56%. ETH has fallen below 2450, with a drop of 1.37% in 24 hours. The total market value of the entire market is about 2.68 trillion US dollars, a decrease of 3.76% in 24 hours, and funds are shrinking towards large market value and cash side.
Let's talk about liquidation first - the long position has been cleared again.
In the past 24 hours, the entire network has experienced a stock explosion of 389 million US dollars, with 274 million long positions and only 116 million short positions. BTC's multiple orders resulted in a liquidation of 52.81 million, while ETH's multiple orders resulted in a liquidation of 42.54 million.
Why can't it rise? Three mountains are pressing down
Firstly, the yield on US Treasury bonds soared to 5.3%. The 10-year treasury bond bond yield closed at 4.8% and the two-year 4.38%, about 63 basis points higher than the federal funds rate - the bond market is already betting that the Federal Reserve will continue to tighten.
Secondly, oil prices are approaching $100. The US Iran conflict continues to escalate, with oil prices approaching $100 and inflation concerns reignited.
Thirdly, ETF funds are starting to weaken. On September 9th, the net outflow of the US spot BTC ETF was approximately $100.7 million. Last week, there was a net inflow of 987 million yuan, and the daily temperature has significantly cooled down.
[Key Position Tracking]
Above BTC: 79000-79300 is the first pressure, and 79650-80000 is the core resistance zone. Multiple attempts to reach 80000 were unsuccessful, so it is necessary to increase the volume and stand up to open up the upward space. Glassnode points the resistance above at 83000-86000, but that's after CPI.
Below BTC: 77250-77600 is the first support, 77000 is the life and death line. Breaking below 77000 means the seller has gained control, the next stop is 75900-76000.
Above ETH: 2506-2547 is the pressure zone.
Below ETH: 2431 is short-term support, falling below 2350-2400.
There is still a thunder tonight: the August PPI for the United States will be announced at 20:30. Tomorrow night's CPI is the real nuclear bomb. The CPI data will directly determine the tone of the FOMC on September 16th - if core inflation continues to remain low, 82000-82800 may become a breakthrough target again; If CPI is strong, BTC will continue to bear the dual pressure of interest rates and the strengthening of the US dollar.
Two scenarios for CPI tomorrow night - how to catch up with below expectations? How to prevent exceeding expectations? Prepare the contingency plan tonight.
End of work in one hour. See you at 10 o'clock.
Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
