September is coming to an end, and the K-line for this month is likely to have a long upward trend. If this is the case, from a monthly perspective, it has been three consecutive months with similar patterns, indicating weak upward momentum and more obvious selling pressure on the market. Only after completing a sufficient turnover can the market restart its upward trend.
Looking back at history, last year’s August and September, as well as this year’s March and April, all received support near the 14 month moving average. Therefore, there is still a chance for Da Bing to receive support at the 14 month moving average, and October is likely to be the time window for the adjustment to be completed. Referring to next month’s 14 month moving average, it is approximately around 95500, so the target range for this round of exploration is roughly between 94500 and 97500.
The recent drop in Ethereum is the result of multiple factors resonating:
Macroscopically, Trump’s tariff policies have suppressed global risk appetite, leading to a linkage effect of the decline in the US stock market;
At the market level, ETF funds have continuously flowed out of over 200 million US dollars, coupled with the foundation’s sale of 1400 ETH, completely igniting panic selling sentiment. The market shows that BTC continues to fluctuate within the range of 108700-109800, and bears have failed to expand their advantage. At the hourly level, the BOLL channel narrows, the K-line moves away from the lower track towards the middle track, and long funds gradually flow back, with the middle track slightly rising, indicating increased support below.
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