9.16 Weekend BTC and ETH Summary: V-shaped reversal has entered the climax stage, and it is necessary to arrange in advance
Last week's post was very accurate in its overall bullish outlook. The overall market of Bitcoin is arranged around the V-shaped reversal low and long. It can be said that on the 6th, we reminded everyone that the C wave will stop falling near 52530 after the end of the decline. The points were all informed in advance. It is a textbook-level advance layout. Interested friends can climb the stairs to see it.
From the daily line, Bitcoin is still at the pressure level above the trend line near 60300, which is also in line with the target position given last Friday. After two days of adjustment and repair, the market failed to break through and stabilize at 60300 for the third time, and the indicator did not go directly downward, so the callback is only temporary. Combined with the market news that the interest rate cut is expected on the 19th, the market will definitely be released in advance, so next week will still be long on dips, and the general direction will continue to be bullish.
From the hourly trend chart, BTC has touched the lower trend line upward for the fourth time, which is near the 59700 pressure level. At present, it will rebound upward when it touches the trend line. The red circle shows that the upper resistance and the trend line intersect at around 60250. The technical indicators are temporarily adjusted downward, because MACD and KDJ are both crossed downward. The downward trend is only temporarily bearish, but the general direction is still strongly bullish, and the background is also strong, so this week's low longs can be seen near the upper resistance of the trend line.
BTC evening strategy: 59300-59800 long, target around 61050!
ETH evening strategy: 2365-2385 long, target around 2460!
