Price Analysis on September 2: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
The following is a summary of the price analysis in Chinese:
1. The S&P 500 Index (SPX) is fluctuating in a narrow range near its all-time high, with the 20-day moving average trending upward and the RSI in the positive zone, suggesting a possible upside breakout with a target of 6,000 points. If it falls below the 5,544 moving average, it may fall further to 5,265 points.
2. The US dollar index (DXY) rebounded sharply from 100.50 and is expected to encounter strong resistance at the 20-day moving average near 102. If it falls below the 102 moving average, the next support level may be 99.57.
3. Bitcoin (BTC) failed to hold the key support of $55,724, and the bulls will try to push to $65,000, but will face strong resistance in the short term. If it falls below the 20-day moving average of $60,007, it may fall to $49,000 again.
4. Ethereum (ETH) rebounded from $2,392, but is expected to encounter selling pressure at the 20-day moving average of $2,605. If it falls below $2,300, the next support level is $2,111. It needs to close above the $2,605 moving average to start the upward trend.
5. BNB coin fluctuates in the $460-635 range. It is expected to rebound to $600 if it holds the $495 support. If it closes above the 50-day moving average of $549, it may climb further to $635.
6. Solana (SOL) fell below the $129 support and received buying support. If it holds $129, it will try to hit the 20-day moving average of $143, but $164 may constitute resistance. If it falls below the $116 support, it may further drop to $100.
7. XRP is adjusting below the 20-day moving average of $0.57. After losing the support of $0.51, it may fall further to $0.45.
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