Hello everyone, today is September 18, 2024
After Bitcoin rose to 59,000 last night, it hesitated for a while and was unwilling to go down. When many people thought it would fluctuate, it went straight to 61,300 in one breath, blowing out all the air forces, and then it adjusted back to around 60,000 and continued to fluctuate. Tonight, the Federal Reserve announced a rate cut. Now there are two voices in the market. One is that the rate cut is good news, and both the US stock and Bitcoin will take off. Another voice is that after the rate cut, the market will fall instead. So how will the market go, up or down? Let's take a look at the latest views and analysis of various bloggers.
Let's take a look at the chart champion Daniel
He said at 5 pm yesterday that the current important support level of Bitcoin is 57,000-57,400. This is a strong support zone. There is an anchor VWP at 57,381 from the CCW to set the target of 57,300. The daily support is at 57,000. The liquidity on Friday is concentrated in this area. The resistance is at 61,000-61,700. It is the previous support-turned-resistance. Breaking through this range may trigger bullish sentiment. If you are long, look for long opportunities at the support level around 57,000. The target price is Friday's high of 61,000-61,700. The stop loss is set at the latest low below the support zone. If the price rises to 61,000-61,700 first, consider shorting in this range. The target The price may be the target of the 47,000 oblique wave pattern, but Daniel believes that this is a difficult short trade because of the lack of a clear stop loss point. However, if it can break through and stand above 61,700, it will tend to be bullish, and it may abandon the work plan. In the short term, Daniel believes that as long as the 57,000 support is not broken, it is still possible to rise to above 61,000. In the long term, it is slightly bearish, but emphasizes the need to wait for more price behavior confirmation. If it falls below 57,000, the target will be 47,000-47,500. At 2 am today, he said that although 60,000 is still a support level, it would be better if the 61,700 target can be reached. Good chart champion Daniel's point of view is equivalent to the NPO c below. He looks at 60,126 and 61,700 above. BTC has currently fallen below the 60,100 support, but as long as it continues to stay above 57,000, it can be bullish. You can refer to Daniel's point of view
Next, let’s look at Bitcoin.
Brother Feng gave a long order of Sol at 130 at 4:30 am yesterday, and only won 141. Then at 1 pm, he gave another long order of Bitcoin, with an entry price around 58,050, a stop loss of 56,700, and a stop win of 61,300. Two orders in the same direction were chosen. At 6 pm yesterday, Sol was out of the market with a profit, and Bitcoin was also out of the market with a profit. All of them were out of the market with a profit, and they were short. May we live long and share the beauty of the moon, even though we are thousands of miles apart. We see the same moon, just like celebrating the Mid-Autumn Festival together. I wish you all a happy holiday, thanks to Brother Feng's explosive orders. When he was out of the market yesterday, Bitcoin was around 59,000, with a profit of 1,000 points. It's the Mid-Autumn Festival, so let's try to get a good start, right? It's OK to make money. You can pay attention to Brother Feng's explosive orders.
Next, let's look at Arthur.
At 12 noon yesterday, he said that FET was looking for a triangle range similar to Tia. Arthur thought FET would step down to 1.3 and then rise to around 1.45. FET did touch 1.3 yesterday, and now the price is 1.34. Since Arthur gave the order, the profit is 3%. Then he said to start building a long position in ETH, two to three positions, and the risk ETH to Bitcoin chart is good for me and can outperform Bitcoin. Then he gave a long order for Ethereum, with an entry price of 2,290, a stop loss of 2,250, and a tb of 2,630. 2,800, just last night at 9:30, and then analyze Bitcoin. We just hit Monday's high. If we take Monday's low next, then this area is the level we need to pay attention to. When it was 58,900 last night, Arthur saw 61,200, which was very accurate. Yesterday, Bitcoin only touched 61,300 at its highest. Then after the rise, he said that the initial setting was like this, but seeing that ETA fell so much, Bitcoin maintained my prediction, and I lost confidence in it. Well, Arthur's prediction a few days ago was to step back to 58,500 and then rebound to 61,000. 1278, he thinks Bitcoin is in his plan, but Ethereum is too weak, then in the early hours of this morning, continue to analyze the ETH to Bitcoin chart, which is the point we need to pay attention to. I really think that once the ETH to Bitcoin chart rises back to the range, altcoins will chase it, which means that Bitcoin will fluctuate within our range, while altcoins will rise. Well, Arthur's point of view is equivalent to Ethereum is really weak. Ethereum has been particularly weak since the beginning of this year. Going long on Ethereum is like going long on a dog. Anyway, if you control your position, it's no problem to bet with Arthur. You can refer to his point of view
