Insights on the afternoon market of Bitcoin on Friday, September 13

Since yesterday, Bitcoin has been under pressure in the 58,500 area, the market has continued to fluctuate and adjust. Yesterday, the short position followed by the long position also gained a certain profit margin. The current market is showing a slow decline. The pressure in the high 58,500 area is still relatively strong. In the morning, it was given to short at 58,500-58,700. The market basically did not give a chance to rebound. If the upper pressure is not broken, it will be difficult for the bulls to do anything.

In recent days, the market has repeatedly tested the upper pressure of the 58,500 area and was beaten back. From the overall trend of the daily line, the market is running in a fluctuating downward trend. Although there has been a certain rebound in the short term, the current rebound also shows obvious stagflation. If the upward trend cannot be effectively broken through to form a continuation, then the retracement will inevitably come. The 4-hour coin price continues to fluctuate at a high level, and the upper pressure is obvious. If the market cannot continue to break upward in the afternoon, the operation can continue to maintain a high-altitude thinking!

On Friday afternoon, it is recommended to short Bitcoin around 58500-58700, with the target of 57500-56000.

On Friday afternoon, it is recommended to short Ethereum at 2380-2400, with the target of 2300-2250.

When you decide to do something, don't hesitate, don't be afraid, go all out, and the result will not be too bad. Because in this world, the most terrible thing is not failure, but never starting.

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