2024.9.16, BTC intraday market, and this week's market trend analysis

Good morning, brothers, a new week has begun. Last week, we still failed to break through the weekly support, which was also within my expectations. Brothers, please read my market analysis yesterday carefully. I clearly stated in yesterday's market analysis that the small level should first look at the rebound. Only if it breaks through 60590, the market can rush up. If it fails to break through, it will continue to go sideways. Once the four-hour closing line falls below 60000, the market will go through a four-hour level correction. Sure enough, at 24:00 last night, the four-hour closing line fell below 60000 again. The market came down. Yesterday, I specially reminded brothers not to chase high and go long. I hope no one is standing guard on the top of the mountain.

Today's market analysis

Currently, the big cake has begun to go through a four-hour level correction. I said yesterday that once it falls below 59383, it will be inserted near 57400. It has now fallen below the first The first support level, the next target is still around 57400. Today's small-level rebound focuses on the position of 59700. At least the four-hour level closing line breaks this price to have strength. If it fails to close, it cannot be bullish. The market will conduct the second wave of bottoming out on the daily line.

Weekly market analysis

Although the weekly line did not close the support of the previous week last week, it also closed a very beautiful big Yang K. It can be seen that the dealer is accumulating funds and building positions. This week's weekly line needs to step back at 57400.56965.5517. These three positions are also the positions of the second bottoming out of the daily line. After stepping back at these three positions, you can enter the market in batches with 30% of the position, and increase the position after the weekly line stabilizes and closes.

Only when the thinking is clear and the direction is clear can you have a clear mind. If you are still unclear about the daily market trend, you can pay attention to my daily irregular updates of intraday strategies, market analysis and precise points #BTC☀