Technical Analysis Wednesday, September 25
BTC
The macro impact is large, wait patiently for the callback signal to appear, and don't chase the rise.
1. Daily line: Yesterday, it hit a new high of 64817 and closed at 64262, closing above the 200-day moving average (63904). KDJ formed a rejection of the dead cross, but MACD remained convergent above the zero axis. The daily volume did not show a significant increase, and there is still a possibility of a callback. The pressure around 65000 is heavy.
2. 4 hours: Running in the rising channel, MACD has formed a golden cross after a top divergence, breaking through the previous low of 64133 and breaking the 2B rule. When will the five-wave rise end? We need to wait for the end signal again.
[Prediction] Consolidation. The correlation between Bitcoin and US stocks has reached 0.67, which is greatly affected by the macro environment. Yesterday, under the series of policies of the People's Bank of China and other departments to stabilize the stock market, the property market and growth, such as lowering the reserve requirement ratio, lowering interest rates, and lowering the interest rates of existing mortgage loans, global Chinese assets soared across the board, among which the Nasdaq China Golden Dragon Index rose by more than 9%, leading the U.S. stock market to reverse during the intraday trading, and Bitcoin also continued to rise, but the probability of subsequent adjustments in the U.S. stock market and Bitcoin is still relatively high.
[Suggestion] Don't chase the rise. The spot position can be controlled at 30%~50%, long contracts should stop profit in time, and short orders should wait patiently for entry opportunities.
