Insights on Bitcoin's morning market on Tuesday, September 17
The moon of Mid-Autumn Festival illuminates the way home, and the people at home are the warmth in the heart. On this Mid-Autumn Festival, I wish everyone happiness like the long moonlight, and peace like the twinkling stars. Every smile is as sweet as mooncakes, and every concern is as long as the fragrance of osmanthus. I wish the whole family a happy Mid-Autumn Festival reunion, happiness and health!
Bitcoin has been fluctuating downward since the sideways adjustment at the weekend. After a round of bottoming out at 57,500 yesterday, it rebounded and is currently running near 58,200. In yesterday's market, we participated in both long and short positions. The big cake won 1,097 iodine as a whole. Of course, there was also a small order, but it did not affect our overall rhythm.
The trend of three consecutive negative retracements on the daily line indicates that the short-term trend is still weak. The recent upward structure has obviously changed. The overall market has turned around. Therefore, the operation must be flexible. In the daily trend, it is generally a volatile downward trend. In the short term, there are signs of pressure and decline after a round of rebound. This trend is also in line with the overall trend. The 4-hour trend continues to decline, the currency price continues to fall, the Bollinger band opens downward, and the moving average indicator follows. So in this weak downward trend, continue to pay attention to the decline of the market!
On Tuesday morning, it is recommended to short the big cake at 58500-58800, and the target is 57000-56000.
On Tuesday morning, it is recommended to short Ethereum at 2320-2350, and the target is 2200-2150.
Whether you are a novice to the trading market or an experienced trader, you must always maintain a passion for learning and a humble attitude. Only by constantly improving your professional quality and enriching your trading experience can you remain invincible in the fierce market competition. #新币挖矿HMSTR #加密市场急跌 #美国大选如何影响加密产业？ #FTX赎回Solana #美联储利率决议公布在即 $BTC $ETH $BNB
