BTC market analysis at 9:04 am on September 16, 2024
Although most of Asia is still in the Mid-Autumn Festival holiday, the big fluctuations on Sunday night remain unchanged. At this moment, BTC has dropped 1,800 dollars, and the pressure area of 60,300-60,500 has not been broken; the leverage on Fridays has been completely removed, and those who are careless will definitely be educated by the market!
The risks on Sundays have been made very clear every Friday and Saturday. This idea has not changed for thousands of years. The idea of Friday and Saturday game can only be used until Sunday noon. The volatility increases on Sunday night, and sleep is the main thing! However, there are still a lot of people who rush in on Sunday night according to the idea of Friday night. If they have no sense of awe, they will be bitten back by the market!
Those who have not sorted out their ideas on the weekend, sort them out by themselves!
BTC attention
Support 57000-57300/56100
Pressure 59700-60000
The key point to focus on at this moment is the 58000-58300 range. This is a watershed for ultra-short-term trading. If it falls below and cannot be recovered, it will open the demand for the next support to step back. If it holds or falls below, it will maintain the intraday volatility and retain the demand for rebound at night!
At this moment, the BTC trend is a short trend in 1h, a critical point for long and short in 2h, and the short momentum is strong. The 4h level is still a normal step back; wait and see on Monday, don't rush to operate, and wait for the best resonance in the evening!
