Director’s 1186th original daily market analysis
2023 .9 .2
1. Market sentiment:
2. Chart structure:
1、#BTC
Structure of#BTC1H:
The current 1H decline of the market is about to end, and there will be a 1H rebound here in the short term.
However, the strength of this rebound is estimated to have a high probability of constructing a second-selling trend, and then the third 1H decline will occur. I personally expect that the strength of the third 1H decline will also form a divergence with a high probability. See if we can make a bottom divergence.
However, even if the current market goes to bottom divergence, it is estimated that it will be difficult to rebound, which means that the probability of continuing to maintain a volatile trend will be relatively high.
#BTC 30F structure:
At present, the trend of Bitcoin can be clearly seen on the left side that there are three 30F declines, and also formed a 30F bottom divergence. If there is a rebound here, it is estimated that there will be at least a 30F increase, which is the current stage. The expectation is around 26150 and then continue to pull back to a 30F decrease. It depends on whether the third stroke can form a head and shoulders bottom trend, and then break through the 30F center trend.
#ETH：
#ETH 1H structure:
The trend of Auntie is the same as that of Pie in the Pancake. In the short term, it will end a 1H decline and move up by 1H. This move will also be the same as Pie in the Pancake, which is a two-sell trend. Then the decline will be mainly the third 1H decline.
There is a high possibility that the high point of the rebound will become the upper edge of the center, and it is highly likely that the central axis will continue to oscillate.
4. Warm Tips
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