September 3, Kongfa: Bitcoin intraday price ups and downs trend analysis and the latest operation suggestions
BTC/Daily Chart
Bitcoin daily level, yesterday closed with a full sun, closing above the short-term 5-day moving average, and today's white market did not continue yesterday's rebound for the time being, and is still under pressure from last week's short-term resistance of 60,000. Today's expected space for breaking down is not large, and it is somewhat resistant to falling. It has the probability of stabilizing and strengthening at any time. We can only wait for when to break through the trend resistance line. For the current short-term, it is still looking at the upward trend, and going with the trend, see if it can stabilize at the 60,000 line, and it will continue to fall. At that time, we will look for the next support stabilization signal and then consider bullish.
BTC/4H chart
Bitcoin 4h level, continue to pay attention to the upper short-term resistance of 59500 during the day, whether it can extend upward to the 60000 mark. If it cannot stabilize and continues to adjust, the lower support is the 58500 range. The corresponding MACD bullish energy has gradually weakened. It is expected that the downward adjustment space will not be too large. Now it is waiting for an opportunity to pull up.
Strategy 1: It is recommended to short at 39400~39700 in batches, stop loss at 60000, and the target is around 58800~58500
Strategy 2: It is recommended to long at 58500~58000 in batches, stop loss at 57500, and the target is 59500~60000. It can be held after breaking through
The above is a personal suggestion for reference only. Investment is risky and trading should be cautious
