US Stocks Plunge, Bitcoin Suffers? September Market Volatility Demands Caution!The Nasdaq Composite Index plunged 3% overnight, with Nvidia and Apple leading the decline, sparking concerns about a potential burst of the decade-long US stock market bubble. Bitcoin also suffered a significant drop, mirroring the US stock market downturn
US Stocks Plunge, Bitcoin Suffers? September Market Volatility Demands Caution!
The Nasdaq Composite Index plunged 3% overnight, with Nvidia and Apple leading the decline, sparking concerns about a potential burst of the decade-long US stock market bubble. Bitcoin also suffered a significant drop, mirroring the US stock market downturn. This inevitably recalls September 4, 2017, dubbed "Black Thursday," when China's ban on ICOs led to an 80% wipeout in the crypto market capitalization.
Market Fluctuations, Frequent Liquidations
Over the past 24 hours, the cryptocurrency market witnessed a total of 75,528 liquidations, amounting to $197 million, with the largest single liquidation occurring on Binance-BTCUSDT, valued at $2,002,700. These figures highlight the escalating market volatility, demanding increased caution from investors.
September Market Outlook: Turning Point Imminent, Buying Opportunities Await?
Concerning the September market trajectory, numerous analysts anticipate a turning point, potentially presenting two buying opportunities.
First Buying Opportunity
It is projected that the market might rally this week, fueled by speculation surrounding potential interest rate cuts by the Federal Reserve, followed by a pullback on Thursday and Friday. If the pullback is sufficiently strong, breaking below 61,600 and decisively pushing past 64,600, it could signal the onset of a reversal.
Second Buying Opportunity
If the Federal Reserve implements a 50-basis-point rate cut at its September 18 meeting, it might inject a fleeting positive sentiment into the market, creating a second buying opportunity. However, the probability of this scenario is lower, and such a significant rate cut could lead to amplified market fluctuations in the future.
September Target Locking, Incremental Buying
Given the heightened market volatility, investors are advised to adopt a strategy of incremental buying, maintaining disciplined position control, and exercising prudence.
- BTC: 49,300-45,100
- ETH: 2022-1612
- SOL: 104-86
Buying Strategy:
- Initiate buying at the initial low point of 49,300, with limit orders placed at 50,000, 49,300, and 48,888.
- After a rebound to the projected peak of 59,850, buy at the subsequent low point of 45,100.
Risk Disclaimer:
- The current market is marked by significant volatility, and investment carries inherent risks. Proceed with caution.
- Refrain from impulsive buying or selling. Implement risk management measures and maintain controlled positions.
- Seek advice from professionals to develop a suitable investment plan.
Conclusion:
The September market will confront various uncertainties. Investors must remain highly vigilant, prioritize risk management, and invest rationally. By staying attuned to market dynamics and capitalizing on buying opportunities, they can potentially navigate market fluctuations and generate returns.
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