9.22 Evening Analysis

The big pie can revolve around 112900, 113600.
↓Look 111600-111000
The second pie can surround 4200-4250 range.
↓Look at 4100-4050

Looking back at the afternoon, the pancake first experienced a rapid dip from the line of 114600 📉 to around 111500. Although there was a slight recovery afterwards, the strength was limited, and ultimately it weakened and oscillated in the range of 112100-112900, showing an overall pattern of "weak recovery after probing the bottom."

From the hourly Bollinger Bands perspective, the three lines are diverging synchronously downward, and the channel width continues to expand. This is a typical characteristic indicating that the momentum of the price action has not yet weakened and that the trend's continuity is relatively strong, suggesting that the short-term market is still dominated by the price action. The price continues to run downward and exerts pressure on the lower support level, further pushing against the downward support level. Additionally, the price has always been constrained by the middle band during upward corrections, resulting in limited upward price movements.

So the good news for everyone is that it has temporarily stopped 📉, and the bad news is that it will still 📉.

#BTC战略储备市场影响 #美联储降息25个基点 #XRP ETF上线