Bitcoin morning market conditions on Thursday, September 19th

Dreams flicker in the distance, and every step of persistence is a ladder to success.

Affected by the good news of interest rate cuts the night before, the Bitcoin market showed an upward trend, once hitting a high near 62,400 and encountering resistance. The market fluctuations during the day were relatively volatile yesterday, with both long and short parties participating, and both gained good profit margins. Although the current market has strengthened, the rebound is still limited and the short-term high cannot be sustained. Therefore, it is recommended to continue to maintain the high-altitude strategy.

First of all, the market impact brought by the interest rate cut was not as significant as expected, and the upward momentum was insufficient. Secondly, judging from the overall daily trend, the market shows a volatile downward trend, with the highs gradually lowering. The recent market rebound has failed to bring much continuity, and is now close to the upper pressure level. Therefore, it is not advisable to excessively chase the rise in short-term operations. On the 4-hour chart, the market showed a see-saw trend at a high level, with neither bulls nor bears forming a clear continuation. Since there is still a certain amount of pressure at the high level, you need to be alert to the risk of market diving during operations.

In view of the market conditions on Thursday morning, it is recommended to short Bitcoin in the 62500-62800 range, with the target focusing on the 60000-59000 range.

At the same time, it is recommended that Ethereum go short in the 2400-2430 range, with the target focusing on the 2300-2200 line.

Dreams are not distant phantoms, but goals that can be achieved through hard work. Every effort, every hard work, lays the foundation for the realization of the dream. Although we may encounter difficulties and setbacks in the process, it is these trials that make our will stronger and our pace more steady. #美联储宣布降息50个基点 #美国大选如何影响加密产业？ #美国8月零售销售环比好于预期 #美联储利率决议公布在即 #token2049 $BTC $ETH $BNB