Trader Chen Shu: Bitcoin and Ethereum market strategy No. 1 in the early morning of September 14, the bullish long order of 60,000 target has been reached for a week
9. Summary of the article on the evening of the 13th: I gave a long order of 5.75/2330 yesterday afternoon, which was almost at the entry point. It is a pity to miss the opportunity to rise tonight, but I have been bullish on Bitcoin since last Saturday (September 7) from 54,000 to 60,000, and I have been emphasizing the long position to 60,000 since the 3rd of this week. It finally reached around 60,000 tonight. If you have friends who follow the idea and go long, you will have a good harvest. The long position of the medium and long-term strategy has won more than 5,000 points. Interested friends can click on my avatar to view it on the homepage. The strategies and ideas of the September articles are all in line with the market rhythm. Let us keep going!
Looking at the daily Bitcoin price, after today's intraday surge directly crossed the MA30-day moving average, the current price is close to the MA256-day moving average (60,000). It is expected that if it can break through and stabilize at 60,000 after this round of rise, the bulls are expected to release 1-3,000 points of energy. This is also the idea I started on Wednesday. First pay attention to the breakthrough and stabilization of 60,000. If there is a pullback of more than 1,000 points, you can try to take a light position to buy more. The target is around 6.1. I will gradually arrange for medium-term short orders after 6.1, and I will remind everyone at that time.
As for Ethereum, as the analysis yesterday was consistent, after breaking through the 1-hour MA256-day moving average, the bulls began to increase their volume and broke through the 2,400 high in one fell swoop. The current daily pressure level is still 2,500. If the upward momentum is not strong, you can pay attention to whether Bitcoin can make up for the rise after stagnation.
Operation suggestions in the early morning:
BTC: 5.9 light long, if the callback exceeds 500 points, you can lightly increase your long position, and the target can be 6.05-6.1 first; short orders can be placed on 6.1 and light short positions can be taken in batches. The specific arrangements will be made in subsequent articles. At present, we should start to change our long thinking and slowly turn to short.
ETH: Ethereum's rebound is weak, and both long and short operations can be synchronized with Bitcoin. Pay attention to the three pressure levels of 2460, 2510, and 2560.
Note: Bitcoin's current pressure level is around 60,000 on the daily MA256. If it breaks through and stands firm at 60,000, there will be about 1-3000 points of strength against it. If it cannot stand firm, it will directly encounter resistance and fall. For real-time market strategy exchanges, you can click on my avatar to see the homepage introduction