Afternoon market analysis
Bitcoin is affected by the current recession panic. In the short term, the market is pessimistic. The daily line is temporarily repaired. The market has begun to rebound. The pressure is around 56,000, and the US stock futures opened high. Be careful of stepping back on the gap at night. If there is no stepping back on the gap, then the US stock market will also go up at night. The best position is to go down to the support position and insert the pin and then go up.
The events this week are the release of CPI and the debate between Trump and Harris. The debate will inevitably affect the economic policies of all parties, which is beneficial to the market. So we have to see whether the line can be repaired this week. The target is around 56,000-58,000.
Daily level market
The daily level fell rapidly, quickly touching the bottom near 52000, breaking through and restarting the market, the key pressure is near 55000, everything will be fine after it stabilizes, the target is around 56500 and then look for a pullback
4-hour level market
The market is on a 4-hour upward trend. The recent bottom support is around 54,000, and the upper pressure is around 55,700. The four-hour bullish market can be opened if it falls back. The maximum support position is around 53,800
Intraday level analysis
The recent sharp drop in Bitcoin is normal. The main reason is the uncertainty of American politics. As well as the current economic instability, there is a risk of a hard landing at any time. The current sharp drop, sharp rise and liquidation are all normal. Just keep yourself alive and don't worry too much about other things.
The intraday trend is mainly positive. After a short-term pullback, continue to be bullish. The target is around 55500. The upper pressure position is around 55500 and 56000. If it is stable, you can open a long position near the pin 53800.
Key information worth paying attention to this week!
On Tuesday, September 10, Apple held a new product launch event
Wednesday, September 11, US August CPI, US presidential candidates Harris and Trump debate on ABC News
Thursday, September 12: U.S. weekly jobless claims, ECB interest rate decision
On Friday, September 13, the University of Michigan Consumer Confidence Index for September
Before the market surges, there will be three major features
To sum it up in one sentence, Xichou is orderly, the attack is moderate, and the retreat is confident.
First of all, the first characteristic is that the accumulation of chips is orderly. It should be known that when the main funds collect chips in the bottom area, there will be big changes in the trading volume and K-line displayed on the disk. In order to control the cost within a low price range, the main force will clearly see the appearance of an oscillation box at the bottom, and the purpose of the box oscillation is mainly two: to continuously consume the chips in the market patiently, and the stock price will even drop rapidly at the high level of the box. It gives people a feeling that if they don't run away, they will not be able to run away. Adjusting back and forth within a period of time can not only reduce costs by constantly doing questions and absorb more chips, but also eliminate unsteady chips to facilitate subsequent pull-ups. This is the Xichou game.
The second characteristic is that the main force has completed the second step of the accumulation stage. If the market wants to start, it must continue to eliminate the dense lock-in in the early stage. It is impossible to rush in with your own funds. They also know that if I dare to lift, you dare to sell, so they often do a test first, the purpose of which is to confirm how much selling pressure there is after the washing of chips, and the test action. It may be a big ocean or an upper shadow line, or even a direct closing, so there will be different degrees of adjustment in the future, depending on the main chip collection and selling pressure in the current market. It may be once, or it may be repeated many times, and the test action is over, and the stock price drops again. At this time, it means that the time for a wave of main rising waves to start will not be too far away, which is a moderate attack.
The last feature, the retracement to the bottom of the oil, is that the original pressure level after breaking through the upper process becomes the support level, and there are upward resistance levels above and in front of the support. Under normal circumstances, as long as it is not dominated by the mood of hot money dealers, the ticket cannot be pulled to the target position in one breath. You must know that if there are no consumers following the trend in the continuous one-character board, he himself cannot ship it. So at this time, it is necessary to recall the position slightly during the stretching process, and its main purpose is to attract new funds to enter the market. And here is a key point, which is the retracement position, and it must not fall below the key support level. Once it falls below, it will be like a tree falling and monkeys scattering, and no one will take over. It is as difficult as climbing to the sky to stand firm again. This is why it is said that there must be a bottom when stepping back on the support.
Of course, no matter how the market changes, the trading volume remains unchanged. In the process of continuous rise, you must always pay attention. Once the volume is doubled or even huge, it means that the main force has already run away. Therefore, please remember the three characteristics, bury in the west and break through, and sell in the volume and huge volume.
