Insights on the Bitcoin morning market on Monday, September 16

Bitcoin hit a high of 60,600 at the end of last week and then fell back under pressure. After the weekend correction, it reached 58,700 in the morning and rebounded again. It is currently in the 59,100 area. Although there is a short-term decline, it has not been effectively continued. The bullish thinking remains unchanged in terms of operation.

In the daily trend, although there is a negative closing in the short term, the whole process is still in a strong link. In the short term, it is just a broken negative adjustment, not a reversal of the trend. The decline is not worth mentioning compared to the previous increase, so it is not necessary to chase the short position if it falls. There is also an obvious upward trend in the 4-hour chart. The short-term rebound stops the rebound, and the downward trend cannot continue. It cannot change the current strong structure, so the market outlook can continue to look up!

On Monday morning, it is recommended to buy Bitcoin at 58700-58500, and the target is 60500-61500.

On Monday morning, it is recommended to buy Ethereum at 2280-2260, and the target is 2400-2450.

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