empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

26.09.202408:59 Forex Analysis & Reviews: Trading Recommendations for the Cryptocurrency Market on September 26

Despite the ongoing corrections observed in the cryptocurrency market, Bitcoin and Ethereum continue to be bought up, taking advantage of more attractive prices.

According to the latest data, the total daily net inflow into the BTC ETFs has exceeded $100 million for the second consecutive day. This is happening against the backdrop of global monetary easing by various central banks, including China. Reports indicate that China is considering a substantial capital injection of 1 trillion yuan into its major state-owned banks to support the economy, following the People's Bank of China's (PBOC) decision to lower the reserve requirement ratio and the repo rate.

Exchange Rates 26.09.2024 analysis

As a reminder, the PBOC lowered the reserve requirement ratio for banks by 50 basis points and reduced the reverse repo rate – the interest rate at which the central bank borrows funds from commercial banks – by 20 basis points to 1.5%. Considering talks that Chinese authorities may introduce some easing measures for the cryptocurrency market in the near future, all this is reflected in the growth of risk assets and increased demand for them, which may continue further.

As for the intraday strategy in the cryptocurrency market, I will continue to rely on any significant dips in Bitcoin and Ethereum. I anticipate the continuation of the bullish market in the medium term, which remains intact.

The strategy and conditions for short-term trading are described below.

Exchange Rates 26.09.2024 analysis

Bitcoin

Buy Scenario

I plan to buy Bitcoin today upon reaching the entry point of around $63,855, aiming for growth to the $65,000 level. Around $65,000, I will exit my purchases and sell immediately on the rebound. Before buying on the breakout, ensure the Stochastic indicator is near the lower boundary, around the 20 level.

Sell Scenario

I plan to sell Bitcoin today upon reaching the entry point of around $63,500, aiming for a drop to the $62,100 level. Around $62,100, I will exit from selling and buy immediately on the rebound. Before selling on the breakout, ensure that the Stochastic indicator is near the upper boundary, around the 80 level.

Exchange Rates 26.09.2024 analysis

Ethereum

Buy Scenario

I plan to buy Ethereum today upon reaching the entry point of around $2,628, aiming for growth to the $2,680 level. Around $2,680, I will exit my purchases and sell immediately on the rebound. Before buying on the breakout, ensure the Stochastic indicator is near the lower boundary, around the 20 level.

Sell Scenario

I plan to sell Ethereum today upon reaching the entry point of around $2,604, aiming for a drop to the $2,552 level. Around $2,552, I will exit from selling and buy immediately on the rebound. Before selling on the breakout, ensure that the Stochastic indicator is near the upper boundary, around the 80 level.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Miroslaw Bawulski,
Analytical expert of InstaSpot
© 2007-2024
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

Guadagna sulle variazioni del tasso di criptovaluta con InstaSpot
Scarica MetaTrader 4 e apri la tua prima transazione
In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.