9.18 Wednesday, Bitcoin afternoon market insights

After a round of upward movement, the market entered the adjustment phase again. It basically fluctuated around the 60500-59900 area during the day. The market basically did not give too many opportunities to leave. In the morning, it was suggested to short the big cake at 60500-60800. After a slight rebound to the 60700 area, the market was under pressure and stepped back. It has now returned to the 60300 area. There is stagflation in the short-term upward trend. The operation continues to maintain the high-altitude thinking.

At present, the 4-hour trend has given a step-back adjustment after yesterday's stretch. After the short-term high-level big yang stretch, it failed to form a continuous trend, but quickly stepped back with a negative line. The market cannot continue to rise, so there is still a certain pressure on the upper side. The longer the adjustment time, the more unfavorable it is for the bulls to rush higher. The bulls on the hourly line are obviously exhausted. The short-term K-line runs with an alternating trend of yin and yang, and the line also begins to turn. The moving average forms a dead cross and radiates downward, so there is more room for downward adjustment, so don't force yourself to chase more when there is stagflation under pressure at high levels. You can first look at the market's decline and then make adjustments before trading.

On Wednesday afternoon, it is recommended to short Bitcoin at 60800-61200, with a focus on the 59500-58000 line

On Wednesday afternoon, it is recommended to short Ethereum at 2350-2370, with a focus on the 2250-2200 line

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