24/09/13BTC continues to fluctuate in the short term, the AB=CD turning point is expected to be 61,000, and the risk of a sharp drop has not been eliminated!
First of all, I am not a die-hard bear. I mainly do trend trading. In this round of adjustment, the bull market cycle can see 90,000-100,000 or even 120,000. It’s just that the trend at this stage is still mainly bearish. If you are playing ultra-short-term contracts (a few minutes, ten minutes, or half an hour cycle, etc.), my analysis may not apply. I play rebounds or declines at least 4 hours above the daily line.
Just like in 2023, it was bullish to 48,000, and after breaking through 49,000, it was sold off in batches at 60,000 to 70,000. Several rebounds in this round from 70,000 to 72,000 reminded us that there would be a sharp drop, and the rebound from 65,000 and the drop also reminded us of multiple sharp drops. The same bottom-fishing reminds us to buy in batches at 50,000-46,000-42,000 for medium and long-term layout.
Flatbread
The weekly closing this week is very critical. If it closes below 59,800, the risk of a sharp drop has not been eliminated. We have always said that 58,400-59,600-60,600 is the boundary between long and short positions. The daily line of Bitcoin continues to fluctuate around 58,000. The rebound has not ended yet and there is still a chance to sprint upwards. The MACD bottom divergence fast and slow lines cross.
The turning point of the 4-hour AB=CD pattern continued to fall after 61,000, and there were also signs of a top divergence in the 4-hour chart. Since Wall Street is closed on Saturday and Sunday and institutions such as Grayscale are on break, a small rebound is expected.
support:
pressure:
ether
This week's weak rebound of 0.382 continued without a breakthrough. Ethereum sees ETH/BTC exchange rate rebound pressure of 2500-2600. Although some cottages have seen good gains in the past two days, it is more dangerous to play cottages if Ethereum is not adjusted well. In the current market, do not lose money or lose less to keep chips. The opportunity for mid- and long-term bottom-fishing layout is getting closer and closer. Don't fall in the darkness before dawn.
support:
pressure:
$BTC $ETH $SOL #新币挖矿HMSTR #美降息25个基点预期升温 #灰度将推出首个美国XRP信托 #FTX赎回Solana
