Interpretation of cryptocurrency market on SEP 30 2022

US stocks fell again last night, and the Nasdaq hit a new low recently, but the crypto market still endured the pressure. If the general economy picks up a little in the near future, the crypto market will rebound significantly. In addition, the decline of the US dollar index yesterday, it provided a respite to all capital markets, and the rebound is imminent.

Still bullish on the October market, but continue to be cautious in operation. Being bullish on the market and opening blindly long position are two different things. This time there may be a relatively significant rebound, and measures should be taken to set up take-profit and stop-loss.